Does Forward Guidance Reach Main Street?

The Federal Open Market Committee (FOMC) has been operating with two tools (well described in a recent speech by our boss here in Atlanta). The first is our large-scale asset purchase program, or QE to everyone outside of the Federal Reserve. The second is our forward guidance on the federal funds rate. Here’s what the [...] View the full post at: Does Forward Guidance Reach Main Street? Related posts: 5 Ways that Wall Street’s Mess Hurts Main Street: Where Do We Go From Here? Main Street vs. Wall Street: And the Winner Is… Regulators Trying to Forge a Main Street, Wall Street Alliance