Pantheon Macroeconomics - The Fed has given itself and markets clear guidance on the minimum requirements for a rate hike--
maximum employment, and inflation at 2% and on track "moderately" to exceed that pace "for some time"--but has offered no clues at all on the drivers of its other key policy tool, namely, the pace of asset purchases.

U.S. | 21 Sept 2020 Why won't the Fed Offer Outcome-based Guidance for its QE Program?
The Fed has given itself and markets clear guidance on the minimum requirements for a rate hike-- maximum employment, and inflation at 2% and on track "moderately" to exceed that pace "for some time"--but has offered no clues at all on the drivers of its other key policy tool, namely, the pace of asset purchases.

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21 Sept 2020 Why won't the Fed Offer Outcome-based Guidance for its QE Program?

By Ian Shepherdson

The Fed has given itself and markets clear guidance on the minimum requirements for a rate hike-- maximum employment, and inflation at 2% and on track "moderately" to exceed that pace "for some time"--but has offered no clues at all on the drivers of its other key policy tool, namely, the pace of asset purchases.

Posted: 21st Sep 2020 in 'U.S.'

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