March 23, 2025
Business

PHDCCI Backs Fed’s Decision to Maintain Interest Rates Amid Geopolitical Risks

Mansi
3 days Ago

The Federal Open Market Committee’s decision to maintain the federal funds rate at 4.25%-4.5% is a commendable, given the persisting geopolitical volatilities, said Mr. Hemant Jain, President, PHDCCI, in a press statement issued today.

The US economy is witnessing rapid expansion of economic activity, with stabilized unemployment rate at low levels, boosted by solid labor market conditions, said Mr. Jain.

The status quo stance of the Fed rates is appreciable amidst increased uncertainty around the economic outlook; strongly supporting maximum employment and returning inflation to its 2% objective, he said.

Going ahead, we expect the Fed to continue to monitor the implications of incoming information for the economic outlook and be prepared to adjust the stance of monetary policy as appropriate if risks emerge, said Mr. Jain.

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