Low fed funds rate for the next 10 years . They will wait for unemployment to reach -5%. Haha
Fedspeak Cheatsheet: What Are Fed Policy Makers Saying?
As Federal Reserve officials approach their March 17-18 Federal Open Market Committee meeting, several indicated in public remarks and interviews they want to consider raising short-term interest rates in June. This implies a readiness to drop the pledge in their statement to be “patient” in deciding when to raise their benchmark short-term interest rate, the federal funds rate, from near zero. One official said they are already late in considering a rate increase, while at least two don’t favor lifting rates any time this year because inflation remains well under their 2% target. Here are some of their key ... (full story)