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| Bernanke in Congress (Photo credit: Talk Radio News Service) |
The most highly anticipated segment of the Federal Reserve’s big policy day on Wednesday ended up being the release of Fed members’ future policy projections.
The second such release in what is a new program of transparency, the report indicated that a few members of the Federal Open Market Committee had improved their economic forecasts and foresaw a faster onset of tighter monetary policy. Many investors interpreted this as a sign that a new, somewhat expected round of quantitative easing this year is no longer forthcoming.
That said, the true change in the Committee’s views appeared to be slight, with interest rights likely to rise significantly in 2014. What’s more, Morgan Stanley analyst Gabriel de Kock argues that policy projections diverge from the Fed’s overall assess... Continue to read.
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