FOMC members welcomed ‘outcome-based’ guidance on QE
Fed policy-makers emphasised importance of balance sheet being used flexibly, minutes show
Federal Reserve policy-makers highlighted the benefits of “outcome-based” forward guidance on asset purchases at their December meeting, minutes show.
At the meeting, the Federal Open Market Committee kept its main policy tools unchanged. But the FOMC stated it would continue its quantitative easing programme “until substantial further progress” has been made towards its goals of price stability and maximum employment.
FOMC members commented that the new guidance aligned communication on QE
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