Fed ends QE – Highlights from the FOMC Statement

  • Fed ends QE program
  • Policy to be appropriate for considerable time
  • Fed says market-based mesures of inflation compensation have declined somewhat, measures of longer-term inflation expectations have remained stable
  • Fed says range of labor market indicators suggests underutilization of labor resources gradually diminishing
  • Fed says timing of increases in Fed funds rate will depend on incoming information relating to progress towards Committee’s objectives
  • Fed vote in favor of policy was 9-1, Kocherlakota dissented

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