Sentences with phrase «tightening of monetary policy meant»

Tightening of monetary policy meant to cool the housing market over the past year, combined with a wind - down in public works, has served to slow GDP growth into the single digits.

Not exact matches

While the latest jobs data may be decisive in convincing Fed policymakers to begin normalizing monetary policy, lingering softness in some parts of the US economy means that policy tightening should, as Janet Yellen put it, proceed at a «gradual and measured pace.»