Getting Inside the FOMC's Head
Wednesday's release of the Federal Open Market Committee (FOMC) minutes from the January meeting sent the stock market lower and caused gyrations in other markets, mostly on the view that FOMC members might be growing uncomfortable with the Federal Reserve's quantitative easing (QE) program. But has anything really changed? This is the key passage:
Several participants emphasized that the Committee should be prepared to vary the pace of asset purchases, either in response to changes in the economic outlook or as its evaluation of the efficacy and costs of such purchases evolved....591 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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