Seal of the United States Federal Reserve System.
On Sept. 20, 2017, the Federal Open Market Committee announcement included an unusual statement in its next-to-last paragraph: “In October the Committee will initiate the balance sheet normalization process described in June 2017 Addendum to the Committee’s Policy Normalization Principles and Plans
Category Archives: federal funds interest rate
Federal Reserve capitulates
(Image courtesy www.thebalance.com)
Thirty-seven months ago, the Federal Open Market Committee raised the federal funds interest rate from zero to one-fourth of a percent, the first rate change in seven years