FOMC considers more aggressive forward guidance

US Federal Reserve
Photo: US Federal Reserve

The Federal Open Market Committee has discussed adopting a more forceful forward guidance strategy, minutes of its April 28–29 meeting show.

Some FOMC attendants raised the option of attaching conditional factors, such as unemployment or inflation, to the forward guidance message. They said a more explicit commitment to keep rates low could help ensure public expectations reflect the FOMC’s intentions, the minutes show.

Several former senior Fed officials, including former chair Janet Yellen

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