Fed Minutes Show Officials Assumed Additional Fiscal Stimulus This Year

Fed Minutes Show Officials Assumed Additional Fiscal Stimulus This Year

Minutes from the September FOMC meeting find Fed officials debating the relative merits of moving ahead with outcome-based forward guidance as policymakers looked to convince markets they're serious about satisfying their mandate. The September meeting came just weeks after the introduction of average inflation targeting (AIT) by Jerome Powell at this year's virtual Jackson Hole symposium. On September 16, the Fed ushered in a “new” regime, wherein officials committed to hold rates at the
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2 thoughts on “Fed Minutes Show Officials Assumed Additional Fiscal Stimulus This Year

  1. Between now and election day it is dangerous. Trump wins or loses it will be odd prior to january 20th. Right now he looks bad but things can change- my bet is it won’t and he will be consigned to the dustbin of history….

  2. 45’s incompetence is biting him on this one. He had a chance to get a whopper of a stimulus in August to wind it’s way through the economy prior to November in time that he could declare his economy to be stronger than ever. However he was more focused on scoring petty points than setting himself up strategically for a win. Just exactly the behavior that led to his multiple bankruptcies.

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