Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation, and won’t be adjusted based merely on forecasts. The Federal Open Market Committee on Wednesday released minutes from the March 16-17 meeting as investors looked for indications about where policy may be heading in the future. … The minutes said members agreed that changes in policy “should be based primarily on observed outcomes rather than forecasts.” … At the meeting, the Fed’s policymaking arm voted to keep short-term borrowing rates anchored near zero and to continue buying at least $120 billion in bonds each month. The market will get plenty of notice before the committee makes any changes, the minutes said.
Source: CNBC
