FOMC Decision

Should the Fed Hold or Should it Raise?

September 14, 2015

Editorials this past weekend in the Financial Times and The Economist argue that the U.S. central bank should leave the federal funds target range at 0-0.25% at this week’s FOMC meeting.  The FT makes the point that the Great Recession shook up economic structures sufficiently so as to cast doubt on how to interpret signs […] More

FOMC Statement Fails to Rock the Boat

May 1, 2013

Today’s statement retained the existing quantitative stimulus setting and didn’t modify its language about the outlook for inflation or it’s guidance regarding future policy decisions.  Much of the language reads verbatim as did the prior statement of March 20.  The most meaningful change is the addition a a sentence that allows for two-sided risk surrounding […] More