Feds Discussed Setting Economic Targets

Federal Reserve officials discussed--but rejected-- major changes in how the central bank manages the nation’s monetary policy, including setting targets for economic activity, according to minutes from its Nov. 1-2 meeting released Tuesday. A few Fed policymakers argued for additional steps to try to boost growth, according to the minutes. However, the Federal Open Market Committee concluded that any new action to push money into the economy would be more effective alongside a new strategy for how the Fed communicates its goals. Read full article >>

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