off-the-wire

TAKE A LOOK-Outlook for Federal Reserve policy

Kitco Media
By Reuters
Published:
Updated:
Reuters
U.S. Federal Reserve officials are in "uncharted waters" with no clear historical guide as they set monetary policy in an environment with inflation falling but no increase as yet in the unemployment rate, Richmond Fed staff said in a new research note analyzing a central bank rate cycle they deemed "unlike any other." "The current cycle is the first time over the entire postwar period the (Federal Open Market Committee) has made significant progress in lowering inflation without an associated increase in the unemployment rate," Richmond Fed staffers including senior adviser Pierre-Daniel Sarte wrote in the paper, published on the bank's website.



For more on the outlook for Fed policy, see below:
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> POLL-Latest Reuters poll of primary dealers > FACTBOX: Fed policymakers' economic, rate projections > FACTBOX-Fed staff forecasts from FOMC minutes > Federal Open Market Committee policy statements > Federal funds futures contracts > DIARY-Federal Reserve events > Fed's weekly money supply report > Federal Reserve balance sheet graphic > TOP NEWS: Central banks around the globe ------------------------------------------------------------------------------------------- (Washington Economics Team)

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