Policy Remains Accommodative I supported the FOMC’s decision last month to raise the target for the federal funds rate to a range of 2 to 2-1/4 percent.
By acting in a firm and timely manner on the basis of our assessment, we will ensure that risks to price stability over the medium term do not materialise and that medium and long-term inflation expectations remain firmly anchored in line with price stability, which is all the more important in the current context.