The policy objective at Wednesday’s meeting of the Federal Open Market Committee will be to prepare market participants for the major shift in policy that lies ahead: a rate hike in March, another in June, and a balance sheet runoff likely to start in June or July. Policymakers and investors should ... READ MORE >
full employment
Monetary and fiscal policy in a changing economy: The Fed’s mandate for price stability
This is the second of four articles examining monetary and fiscal policy and the Federal Reserve’s response to the most significant issues of today’s economy. The first article examines the Fed’s challenge in meeting its mandate for full employment. This article looks at the Fed’s other mandate, for price ... READ MORE >