fed minutes, 2014-12-17
In order to avoid the misinterpretation that this new wording reflected a change in the Committee's policy intentions, the statement included a sentence indicating that the Committee sees this guidance as consistent with its previous statement that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program in October, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored.
Sentiment: neutral
Topic: mp_interest_rate