FOMC: More quantitative easing ahead
FOMC: More quantitative easing ahead
Overview : The minutes of the December 15-16 monetary policy meeting brought little major news but a few interesting details. The minutes confirmed the very bold message from the meeting statement that the Fed will now use all available tools to support the economy and the financial market. Hence the Fed funds rate is likely to stay close to zero for a longer period and the Federal Reserve will continue to expand quantitative easing measures to support the financial markets and the economy. In