the federal open market committee

US Fed to maintain bond buys until ‘substantial’ economy gains seen

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US Fed to maintain bond buys until ‘substantial’ economy gains seen

By Craig Torres The Federal Reserve said it will continue to support the economy through massive monetary stimulus until it sees “substantial further progress” in employment and inflation. At their final meeting of a tumultuous year, policy makers led by Chair Jerome Powell voted to maintain monthly bond purchases of at least $120 billion, according … Read more

Fed minutes show FOMC backs away from September guidance shift

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Fed minutes show FOMC backs away from September guidance shift

By Christopher Condon, Matthew Boesler and Craig Torres US central bankers appeared to back off from an earlier readiness to clarify their guidance on the future path of interest rates when they met in July. “With regard to the outlook for monetary policy beyond this meeting, a number of participants noted that providing greater clarity … Read more