Federal Reserve officials resume deliberations Wednesday about how to detail plans to support the economy now that they have formally adopted a strategy to keep interest rates lower for longer. Officials’ public remarks before entering their traditional pre-meeting quiet period two weeks ago suggested they hadn’t yet decided how to reconfigure their policy statement to reflect the new framework. This raises the prospect they could make a few changes now and more extensive ones later this year. The central bank releases its policy statement at 2 p.m. Eastern time along with new economic projections. Fed Chairman Jerome Powell follows with a press conference at 2:30 p.m., at which he could explain how he and his colleagues are thinking about possible additional steps.
Source: Wall Street Journal.
