Fed officials discuss how to convince markets that interest rates will stay low for a long time

From marketwatch.com

Federal Reserve officials in April discussed the next phase of interest rate policy —convincing markets that rates will stay low for a long time — but gave no sense than any changes were imminent. Meeting minutes from that session released Wednesday said that “at upcoming meetings” the Fed might want to clarify its intentions regarding interest rates. Some officials wanted the central to make its forward guidance more explicit. For example, the Fed could specify a certain level of unemployment or inflation must be achieved before the Fed would consider raising rates from zero. Another option was a date-based ... (full story)