Fed weighs future policy transmission framework
Implementing technical adjustments might be necessary, Powell says
The Federal Reserve Board discussed the future of its monetary implementation framework amid asset purchasing wind-down and recent upward pressure on the Fed’s fund rate, the Federal Open Market Committee minutes reveal.
Returning to pre-crisis monetary policy implementation could demonstrate the Federal Reserve’s ability to successfully unwind quantitative easing, some members noted.
A smooth and effective transition could “thereby increase public acceptance or effectiveness of such policies
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