» FOMC: Dovish Victory Dance Decision Economics

FOMC: Dovish Victory Dance

Posted September 13, 2012 by rvillareal

The FOMC focuses its full policy arsenal on the unemployment problem, extending the rate-guidance phrase by six months, committing not only to buy $40 billion in agency mortgage-backed securities per month starting immediately, but also, “If the outlook for the labor market does not improve substantially,” to add “additional asset purchases and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability.”

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