Fed Monetary Policy Report Flags Solid Economy, Raised Markets
Fed policy report flags strong economy, uncertain policy outlook
Fed keeps in mind stabilized and strong job market
Report flags raised monetary appraisal levels
(Adds discuss productivity, Fed policy rules)
By Michael S. Derby
Feb 7 (Reuters) - The Federal Reserve's most current Monetary Policy Report to Congress, launched on Friday, was upbeat about the state of the economy however cautioned about some worrying aspects of the monetary system.
The report, which comes ahead of next week's statement before Congress by Fed Chair Jerome Powell, said main bank officials remain committed to getting inflation back to 2% and kept in mind that when it pertains to interest rate policy modifications authorities "will carefully examine incoming data, the developing outlook, and the balance of threats."
The release explained the overall economy as doing well amid a strong and better-balanced job market and decreasing inflation pressures.
The Fed report said the financial system is broadly speaking "sound and resilient." But it likewise kept in mind "appraisals remained high relative to basics in a variety of markets, consisting of those for equity, business debt, and property genuine estate."
It likewise said "appraisal pressures increased rather from already high levels" while flagging that "vulnerabilities connected with monetary leverage remained notable."
The report did not appear to suggest any broad threat to the economy from the financial system and said that "credit continued to be broadly available" to mid-sized and large companies, a lot of families and local federal governments. Credit was "fairly tight" for small companies and those with credit problems.
Fed policy report flags strong economy, uncertain policy outlook
Fed keeps in mind stabilized and strong job market
Report flags raised monetary appraisal levels
(Adds discuss productivity, Fed policy rules)
By Michael S. Derby
Feb 7 (Reuters) - The Federal Reserve's most current Monetary Policy Report to Congress, launched on Friday, was upbeat about the state of the economy however cautioned about some worrying aspects of the monetary system.
The report, which comes ahead of next week's statement before Congress by Fed Chair Jerome Powell, said main bank officials remain committed to getting inflation back to 2% and kept in mind that when it pertains to interest rate policy modifications authorities "will carefully examine incoming data, the developing outlook, and the balance of threats."
The release explained the overall economy as doing well amid a strong and better-balanced job market and decreasing inflation pressures.
The Fed report said the financial system is broadly speaking "sound and resilient." But it likewise kept in mind "appraisals remained high relative to basics in a variety of markets, consisting of those for equity, business debt, and property genuine estate."
It likewise said "appraisal pressures increased rather from already high levels" while flagging that "vulnerabilities connected with monetary leverage remained notable."
The report did not appear to suggest any broad threat to the economy from the financial system and said that "credit continued to be broadly available" to mid-sized and large companies, a lot of families and local federal governments. Credit was "fairly tight" for small companies and those with credit problems.