Easy Money, FOMC Transparency, and Rate Volatility
By CME Group, and Bluford Putnam - Wed Jan 25 16:01:00 CST 2012 CT
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Easy Money, FOMC Transparency, and Rate Volatility

Federal Reserve Chairman Bernanke at January 25 Press Conference

Federal Reserve Chairman Ben Bernanke’s press conference on 25 January 2012 after the FOMC meeting was one of the more interesting press briefings in a very long time. The FOMC has taken major steps toward greater transparency, and several of the new initiatives deserve commentary, including the release of FOMC participants’ views on the likely path of the federal funds rate. In addition, the FOMC changed its guidance on the future path of the federal funds rate in its press release, now stating that “… the Committee … anticipates that economic conditions … are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.”


 
 
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