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Since an initial move, in December, 2015, the Fed's gradual policy tightening has taken the funds rate from zero to 1.5percentnt.
According to Jing Ulrich, managing director of China equities in Hong Kong for JPMorgan, the first half of 2010 will experience continued but gradual policy tightening, with more emphasis on further administrative measures, rather than interest rate adjustments.
"Gradual policy rate increases in the months ahead should help to slow down investment in parts of the economy at risk of overheating, while also reducing the risk that more aggressive and disruptive action may be required at a later stage," he wrote.
"The first half of 2010 is likely to be characterized by gradual policy tightening, chiefly through administrative measures," Jing Ulrich, director of the China equities and commodities division of J. P. Morgan in Hong Kong, wrote in a report on Thursday.
We have been seeing the Fed laying verbal groundwork for further monetary stimulus, which we consider warranted, and the latest announcement appears to be another signal of a forthcoming gradual policy shift.
But it is important to mention here that Pakistan should adopt a gradual policy for the transition from industrialization era to the post-industrialization as done by China over the last three decades.
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But the finance ministry says that it has no intention of abandoning its gradual liberalization policy for a single big swoop.
In August last year, at the annual shindig of central bankers organised by the Kansas City Fed at Jackson Hole in Wyoming, he said that "sustained momentum" in the UK economy and rising inflation would "likely put the decision as to when to start the process of gradual monetary policy normalisation into sharper relief around the turn of this year".
I have criticised the Bank of England governor rather harshly in the past, especially for his claim in August 2015, that "sustained momentum" in the UK economy and rising inflation would "likely put the decision as to when to start the process of gradual monetary policy normalisation into sharper relief around the turn of this year".
Carney, speaking at an annual US central banking conference in Jackson Hole, Wyoming, reiterated his view that the recovery in Britain's economy "will likely put the decision as to when to start the process of gradual monetary policy normalisation into sharper relief around the turn of this year".
Working with President Raul Castro's gradual change policy by strengthening and speeding its accomplishments for the people of the island could be a way to build progress.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com