The monetary authorities of the US and Japan have reiterated that monetary policy will remain accommodative for the foreseeable future as the excess capacity that has built up as a result of the earlier period of economic weakness is seen as
limiting inflationary pressures for some time.
Not exact matches
This
limited the extent to which Washington could deficit - spend, and caused
inflationary pressures on the economy.
The latest set of forecasts from the Fed stirred a little more comment among market participants, particularly the projections for core inflation that were slightly above the central bank's 2 % target in 2019 and 2020, which hinted policymakers might be willing to tolerate such an overshoot if they believed longer - term
inflationary pressures were
limited.