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Essentials of Monetary Policy

Federal Reserve (Fed). The Fed Is Comfortable with Its Current Policy

January 29, 2020
François Dupuis • Mathieu D’Anjou • Francis Généreux • Hendrix Vachon

To no one’s surprise, the Fed did not alter its key interest rate at the meeting that ended today. The new make-up of the monetary policy committee as a result of the yearly turnover among regional Fed members did nothing to change the Fed’s reading of the economic situation. Committee members repeated the December statement almost word for word and unanimously voted not to modify the target for the federal funds rate.