Fed maintains its analysis and monetary policy unchanged

What has the Fed been aiming for since the US economy was hit by the pandemic? First, a vigorous recovery in demand. Mission accomplished. Second, higher inflation, if possible a shade above the target. Mission accomplished, and in the short term even exceeded. Third, substantial progress on the job market front. This objective is still some way off, but not as far off as it was a few months ago. In short, the Fed does not have to regret what it has done, nor does it have to cor...