Fed takes dovish stance as it clarifies long-run monetary policy

The Federal Reserve has opted to hold interest rates steady in its first monetary policy meeting of 2019, but it made two clear changes to its communication to investors, striking a much more dovish note.

On January 30, the Fed released a new statement, alongside its monetary policy decision, to clarify its stance on reducing the size of the balance sheet and its implementation of monetary policy in the long run. Investors appeared to take the new communication as a sign the Fed is willing to