FOMC members ‘increasingly uncomfortable' with Fed's forward guidance

Janet Yellen's first FOMC meeting
The Federal Open Market Committee
Federal Reserve

Some members of the Federal Reserve's Open Market Committee (FOMC) are growing "increasingly uncomfortable" with the Fed's forward guidance amid an economic upturn that is putting the bank's communications tactics to the test.

Newly published minutes from the FOMC's meeting on July 29–30, at which it held the Federal funds rate and cut asset purchases by $10 billion to $25 billion per month, reveal members' diverging interpretations of labour market conditions that have moved "noticeably closer"

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: