News
WSJ | Fed Board Holds Closed Meeting on Monetary Policy
The meeting coincided with a regular gathering of the larger Federal Open Market Committee, which comprises the board members and five regional bank residents and which makes monthly decisions on interest rates. The committee is expected to vote to cut its monthly bond purchases by another $10 billion to $45 billion and hold short-term interest rates steady near zero.
Econ Comments & Analysis
Real Clear Market | It Would Be a Shock If the Fed Were To Change Its Policy
It would be shocking if the Fed were to change monetary policy in any notable way at the FOMC meeting that concludes today. One reason is that the recent data have been consistent with the Fed's outlook for moderate growth with low inflation, and thus won't prompt a shift in either the ongoing taper of the Fed's asset purchases or its forward guidance for the federal funds rate. Another reason, however, is simply that Fed Chair Yellen does not have a press conference after this meeting.
