Correspondent, Chicago
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Mar 26, 2014
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Mar 25, 2014

Fed officials scramble to clarify timing of U.S. policy tightening

NEW YORK/SAN FRANCISCO (Reuters) – Top Federal Reserve officials rushed on Tuesday to clarify just when the U.S. central bank would finally tighten monetary policy after comments last week from Fed Chair Janet Yellen intensified a guessing game among investors.

Bonds dropped and some economists revised their predictions after a policy-setting meeting last week in which the Fed said it expected to keep interest rates near zero for a “considerable time” after it wraps up a bond-buying stimulus program, which is widely expected to end late this year.

Mar 25, 2014
Mar 25, 2014
Mar 25, 2014
    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
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