Sentences with phrase «warrant further gradual increases»

Although economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate, the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.

In the policy statement the Fed issued after the January meeting, the central bank outlined its approach to raising rates, saying it «expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate.»

The committee says it expects «economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.