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Fed ‘inching closer’ to time when interest-rate policy will be less predictable, William says
The Federal Reserve is on the cusp of making monetary policy decisions without holding the market’s hand, said New York Fed President John Williams, on Friday. Over the past few years, Fed policy has been “cautious and relatively predictable,” Williams said. But now, with the economy humming along and interest rates no longer so close to zero, “the case for strong forward guidance about future policy actions is becoming less compelling,” he said. The Fed’s predictable policy is one reason experts say stock-market volatility VIX, -2.34% is historically low. In his first speech as head of the New York Fed, ... (full story)
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