November 20, 2013
While Concerned About Rising Rates, Fed Positioning To Act
The minutes from the Federal Open Market Committee's October meeting suggest that the Fed is likely to trim their monthly purchase of $85 billion in bonds "in [the] coming months," perhaps even "before an unambiguous further improvement in the [economic] outlook [is] apparent."
At the same time, concerns about the impact of the trimming on interest rates remain, with the Fed discussing options to keep rates down or at the very least "signal its intention" to do so.
First Published: November 20, 2013 12:00 PM
Comments from "Plugged In" Readers
It's high time to perfect the art of double speak. Wonder how good Yellen will be at that? Frankly, she seems like a good ole Cal gal- straightforward and to the point. Does not bode well for Greenspan-esque double speak.
Posted by: poor.ass.millionaire (formerly 49yo hipster) at November 21, 2013 9:13 AM