Jeffrey Snider, RealClearMarkets
Late last week the Federal Reserve policymaking body changed the language in its monetary policy outlook. The FOMC noted in its June 20th statement that it "is prepared to take further action as appropriate". In the July press release, the wording changed slightly to make sure that markets know the Federal Reserve System "will provide additional accommodation as needed". Maybe that doesn't mean much and is not really subtlety at all; perhaps this is just the FOMC getting tired of saying the same thing over and over again, repeatedly after nearly four years of, at...
Late last week the Federal Reserve policymaking body changed the language in its monetary policy outlook. The FOMC noted in its June 20th statement that it "is prepared to take further action as appropriate". In the July press release, the wording changed slightly to make sure that markets know the Federal Reserve System "will provide additional accommodation as needed". Maybe that doesn't mean much and is not really subtlety at all; perhaps this is just the FOMC getting tired of saying the same thing over and over again, repeatedly after nearly four years of, at...
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