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Focus Of Meeting On Tapering, Not On Raising Rates

FED

First Q is on market rate hike pricing.

  • A: Powell says "we try to focus on what we can control. That is how to communicate as clearly as possible how we are thinking about the outlook and the balance of risks and how policy will evolve in that case, and also in the cases - which are frequent - where the economy evolves in unexpected ways."
  • Focus of this meeting on tapering, not on raising rates. "We don't think it's time to raise interest rates. There is still ground to reach max employment, both in terms of employment and participation."

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