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Fed Officials Discuss How to Convince Markets That Interest Rates Will Stay Low For a Long Time
Thursday, 21 May 2020 02:33 WIB | FISCAL & MONETARY |The FedEkonomi AS

Federal Reserve officials in April discussed the next phase of interest rate policy ”convincing markets that rates will stay low for a long time ” but gave no sense than any changes were imminent.

Meeting minutes from that session released Wednesday said that œat upcoming meetings the Fed might want to clarify its intentions regarding interest rates.

Some officials wanted the central to make its forward guidance more explicit. For example, the Fed could specify a certain level of unemployment or inflation must be achieved before the Fed would consider raising rates from zero.

Another option was a date-based approach, indicating rates would be raised only after a specified amount of time had elapsed.

Several officials said the Fed might need to provide clarity over the central bank™s ongoing unlimited purchase of Treasurys and mortgage-backed securities.

The Fed has said these purchases are needed to keep financial markets functioning.

Source : Marketwatch

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