federal open market committee meeting

Proof the Federal Reserve Has No Idea What It's Doing

Federal Reserve

The minutes from last month's Federal Open Market Committee (FOMC) meeting provided zero clarity on the U.S. Federal Reserve's plans to raise interest rates in 2015. The markets need to know when the Federal Reserve might raise interest rates, or at least what economic conditions it will use to make the decision.

But all we get from the Federal Reserve is waffling. And the economic targets that would trigger action get increasingly vague. Meanwhile, the Fed members make things worse by publicly voicing their uncertainty.

Just look at some of these quotes...

What's Different About this Week's FOMC Meeting

The two-day Federal Open Market Committee (FOMC) meeting starting today (Tuesday) marks a historic shift in how the U.S. Federal Reserve communicates its policy decisions with the public. The changes center on disclosing individual FOMC members' interest-rate forecasts and economic projections. It may also release an agreed target for inflation. "It's a significant innovation," Jeremy […]

Read More…

What to Expect from this Week's FOMC Meeting

The next Federal Open Market Committee (FOMC) meeting starts tomorrow (Tuesday), and investors expect Fed Chairman Ben Bernanke to announce some form of stimulus measures for the U.S. economy. Investors anticipate the Fed to announce at Wednesday's conclusion new efforts to reduce long-term interest rates to allow for cheaper borrowing as well as to increase […]

Read More…

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com