A more effective strategy for the Fed

federal reserve

The Federal Open Market Committee’s (FOMC) policy statement from its January 27–28 meeting provides a favourable outlook for the US economy, with solid economic growth, strong job gains and renewed momentum heading into 2015.

Real gross domestic product, the US’s broadest measure of inflation-adjusted income and spending, advanced at a 2.5% rate during the past year, weighed down considerably by the severe weather-related decline in the first quarters of 2014; real GDP growth exceeded 4% in the f