The Fed Still Wants Easy Money
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Flags fly at the Marriner S. Eccles Federal Reserve Board Building at 20th And C Streets in Washington, D.C. FOMC members may be emphasizing the gradual pace to prevent a sharp market reaction to the first increase, said Michael Feroli, JPMorgan Chase & Co. chief U.S. economist in New York. Photographer: Andrew Harrer/Bloomberg
Janet Yellen wants you to know that while the era of zero rates may be drawing to a close, money will stay cheap for a long time to come.
The Federal Reserve chair and her colleagues have stressed in recent speeches that monetary policy will remain unusually easy after they begin to tighten this year for the first time in almost a decade. They are telling investors that the pace of increases is more important than the liftoff date…
The Fed Still Wants Easy Money
