from 0.5% to 1%. so this is actually a type of monetary policy. actually a type of monetary oli . ~ ., actually a type of monetary oli . ., ., actually a type of monetary oli .~ ., ., , ., policy. what are the pros and cons of this policy. what are the pros and cons of this decision? - policy. what are the pros and cons of this decision? one i cons of this decision? one issue is cons of this decision? one issue is that cons of this decision? one issue is that there - cons of this decision? one issue is that there is - cons of this decision? one issue is that there is a - cons of this decision? one issue is that there is a lot | cons of this decision? one i issue is that there is a lot of am big about this ambiguity about this policy. because they still say that they still maintain the plus mine us range. but at the same time, it goes up to 1%. so why did it expand? the plus minus ten year target range from 0 .5% to 1%. so there is a lot of ambiguity. so there is a lot of amb
changing situation, the pandemic taught us a lot but i wonder, policy takes time to filter through to the real economy even a change with interest rates takes six months to be felt, we are talking a long term thing here? to be felt, we are talking a long-term thing here? monetary oli is a long-term thing here? monetary policy is a very long-term thing here? monetary policy is a very blunt long-term thing here? monetary policy is a very blunt tool, - policy is a very blunt tool, the rule of thumb is any change in monetary policy settings can take six or 12 or 18 months can work through the system, any impact they may make today would probably not be seen in inflation rates for quite a long time. a fiscal policy, government spending, can work quicker, but that was very, very important in helping us get through the pandemic, one reason economies did bounce back quite quickly after the pandemic or during the pandemic because of the government support. now, governments are faced with qu
huge, everyone can agree on that. the challenge for economic policy makers is working outjust how those consequences could play out and making sure the right policies are in place to minimise the damage. talking to the us congress on wednesday the chair of the federal reserve was very clear about that. he also took an unprecedented step to let the financial markets no what he wants to do with us monetary policy. he wants to do with us monetary oli . ~ he wants to do with us monetary oli ,~ 4 ., he wants to do with us monetary oli .~ ,, ., ., he wants to do with us monetary oli .~ ~ ., ., ., policy. we can t know how large or persistent policy. we can t know how large or persistent those policy. we can t know how large or persistent those effects - or persistent those effects will be, that depends on events to come. so this is where that leaves me. i do think it will be appropriate to raise our target funding rate at the march meeting in a couple of weeks, i m inclined to sup