US rates likely to stay on hold, Fed indicates

Original article by James Dean
The Australian – Page: 14 : 6-Jan-20

The minutes of the Federal Reserve’s December meeting show that the US central bank expects official interest rates to remain unchanged for some time, although this is likely to depend on the economic outlook. Some Federal Reserve officials expressed concern that an extended low interest rate environment may encourage ‘excessive risk-taking’. Meanwhile, former Federal Reserve chairman contends that the central bank has options other than quantitative easing and forward guidance to stimulate the economy in the event of a downturn.


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