WASHINGTON - U.S. Federal Reserve officials at their last meeting agreed that their current patient approach to setting monetary policy could remain in place “for some time,” a further sign policymakers see little need to change rates in either direction.
They quickly hit a dilemma as they discussed what could be a several years plan to structure perhaps $3.5 to $4 trillion of assets to either reflect existing market holdings of U.S. Treasuries, or to be focused on shorter-term maturities. Earlier on Wednesday, New York Fed President John Williams said at a press briefing that there is not currently a strong argument for changing rates.
Under pressure from dick head. Expect the bottom to fall out soon.
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