Finance

The Fed is unlikely to hint at policy change, despite stronger economy

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Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020.

Susan Walsh | Reuters

Federal Reserve officials next week are likely to paint a robust picture on the economy while simultaneously not even hinting at policy changes ahead.

Investors increasingly have come to trust central bankers when they say that even with the economy running at its hottest pace in nearly 40 years, they won’t start taking away policy accommodation until it’s clear the recovery is on solid ground.

“The economic outlook is fairly good, as long the Fed keeps its foot on the pedal,” said Randy…



Source cnbc.com

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