-
Here’s what the Fed will do next, according to a Goldman Sachs economist
The Federal Reserve is in a bit of a transition period, after cutting interest rates to nearly zero, revving up its quantitative easing program and enacting a host of lending programs to revive the lockdown-saddled U.S. economy. While no major moves are expected at its next meeting in June, officials including New York Fed President John Williams have been discussing more far-reaching moves, including what’s called yield curve control. David Mericle, an economist at Goldman Sachs, outlined what he thinks is coming. First he expects the Fed to establish a more consistent quantitative easing program, as the current ... (full story)