ABOUT US
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.
Federal Open Market Committee’s
“Let me emphasize that I expect a great deal of continuity in the Federal Open Market Committee’s approach to monetary policy,†Yellen said in remarks prepared for a hearing of the House Financial Services Committee.
“I served on the Federal Open Market Committee as we formulated our current policy strategy and I strongly support that strategy,†Yellen said.
Indeed, Yellen’s prepared remarks closely tracked the language of the Fed’s last policy statement. She said that the central bank would taper the pace of its asset purchases at future meetings if the economy continued to improve as expected, although the pullback was not on a preset course. The Fed’s decisions about the pace of tapering are data dependent, she added.
She added the Fed plans to hold short-term interest rates at zero “well past†the time the jobless rate falls below 6.5%.
Please subscribe:
The complete information and analysis is available only to the paid subscribers.
To become a member visit