The Fed's latest statement showed that the Fed sees labor market conditions improving further since its last meeting, with solid job gains and a lower unemployment rate.
The Fed also continues to see that "considerable time" will elapse between now and its first interest rate hike. maybe at early 2015
All Committee members voted in favor of Wednesday's announcement, except for Minneapolis Fed President Narayana Kocherlakota. Kocherlakota, a noted dove, saw the need for the Fed to commit to, "keeping the current target range for the federal funds rate at least until the one-to-two-year ahead inflation outlook has returned to 2 percent and should continue the asset purchase program at its current level."
Sent from my heart
No comments:
Post a Comment