Fed officials say easy policy will stay in place until economic ‘outcomes’ are achieved
“Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation, and won’t be adjusted based merely on forecasts.”
USAGOLD note: During his press conference following that meeting, I recall Chairman Powell stressing the importance of making policy adjustments based actual data and not forecasts. It seemed to be very important to him. A number of Fed governors were in the media on Wednesday pledging their fealty to kickstarting inflation.