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FOMC To Continue Monetary Normalization Talks As Bond Buying Winds Down
Going into its first meeting of the year, it might seem as if the Federal Open Market Committee has already scripted its monetary policy for coming months. After all, Federal Reserve Chairman Jerome Powell and his colleagues on the Fed’s policy making committee have been pretty explicit about their intentions. Honoring the modern day commitment to central bank transparency, the FOMC has pre-announced the tapering down of asset purchases; has signaled increases in the federal funds rate from near zero will soon follow the conclusion of quantitative easing in mid-March, and has telegraphed that sometime after ... (full story)