By clicking on the "Accept & Close" button, you provide your explicit consent to the processing of your data to achieve the above goal.
WASHINGTON (Sputnik) - The US Federal Reserve (Fed) will continue its policy of steadily increasing interest rates to keep inflation under control while maintaining business confidence and full employment, Board of Governors Member Lael Brainard said in a speech at the Peterson Institute for International Economics on Friday.
"The gradual path of increases in the federal funds rate has served us well by giving us time to assess the effects of policy as we have proceeded," Brainard said. "That approach remains appropriate in the near term."
In November, The United States' benchmark interest rate will remain unchanged at 2 to 2.25 percent, the US Federal Reserve’s policy-setting Federal Open Market Committee (FOMC) said in a statement after a policy meeting on Thursday.
The US central bank raised the federal funds rate three times so far this year. In total, in 2018 the rate has risen from the 1.25 to 1.50 percent range to its current level of 2.00 to 2.25 percent.
President Donald Trump has repeatedly criticized the Federal Reserve for increasing interest rates, which have caused US stock markets to plunge on multiple occasions.
The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules.
Users are obliged abide by national and international laws. Users are obliged to speak respectfully to the other participants in the discussion, readers and individuals referenced in the posts.
The websites’ administration has the right to delete comments made in languages other than the language of the majority of the websites’ content.
In all language versions of the sputniknews.com websites any comments posted can be edited.
A user comment will be deleted if it:
does not correspond with the subject of the post;
promotes hatred and discrimination on racial, ethnic, sexual, religious or social basis or violates the rights of minorities;
violates the rights of minors, causing them harm in any form, including moral damage;
contains ideas of extremist nature or calls for other illegal activities;
contains insults, threats to other users, individuals or specific organizations, denigrates dignity or undermines business reputations;
contains insults or messages expressing disrespect to Sputnik;
violates privacy, distributes personal data of third parties without their consent or violates privacy of correspondence;
describes or references scenes of violence, cruelty to animals;
contains information about methods of suicide, incites to commit suicide;
pursues commercial objectives, contains improper advertising, unlawful political advertisement or links to other online resources containing such information;
promotes products or services of third parties without proper authorization;
contains offensive language or profanity and its derivatives, as well as hints of the use of lexical items falling within this definition;
contains spam, advertises spamming, mass mailing services and promotes get-rich-quick schemes;
promotes the use of narcotic / psychotropic substances, provides information on their production and use;
contains links to viruses and malicious software;
is part of an organized action involving large volumes of comments with identical or similar content ("flash mob");
“floods” the discussion thread with a large number of incoherent or irrelevant messages;
violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling");
doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences.
The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected.