When Will The Fed Change Its Reaction Function?

The March FOMC minutes were generally interpretted as having a dovish tenor, contrasting with the generally hawkish reception for the statement and ensuing press conference. Overall, the Fed appears committed to a long period of low interest rates and I continue to think this should be the baseline view. But actually policy seems to remain […] View the full post at: When Will The Fed Change Its Reaction Function? Related posts: Can Housing Market Function Under Its Own Power Without Tax Credit? Climate Change vs. Deficit Reduction? Which Political Party Would Use Populism As a Force for Positive Change in America