Fed chairman Yellen comments in New York: Repeats expectations for a ‘considerable time’ between end of QE and first rate rise Near-zero rates will hinge on distance US remains from employment and inflation goals First hike not pased on any one indicator but wage range of info on labor, inflation, financial situation FOMC ready to adjust bond purchase pace should outlook change materially Change in guidance didn’t mean altered policy path Sees bigger chance of inflation under target than over There isn’t much new here and markets aren’t doing much. It strikes me as slightly dovish, if anything.
Posted on: Wed, 16 Apr 2014 16:30:07 +0000
Recently Viewed Topics
© 2015