Fed's exit from low interest rates leaves room to be flexible

Tokyo

HOW will an emergency monetary policy implemented to deal with the financial crisis resulting from the collapse of Lehman Brothers be guided back to a normal policy?

US monetary authorities have clarified their exit strategy in that regard.

The Federal Reserve Board has raised its benchmark interest rate to a range of one per cent to 1.25 per cent. This marked the first interest rate hike since March, and the fourth since the end of 2015, when the Fed started tightening its credit policy.

It is also the first time in 81/2 years that the interest rate has risen above the zero per cent le…