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The Fed Turns Gloomier on the Supply Side

Fed Chairwoman Janet Yellen on Wednesday.
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The Fed has revised down its growth outlook so often that it seems hardly noteworthy it did so ag

Source: http://blogs.wsj.com/economics/2015/03/19/the-fed-turns-gloomier-on-the-supply-side/?mod=WSJBlog

In Fed vs. Markets, the Markets Win Big

One of the financial market’s great puzzles is why fixed-income investors predicted short-term interest rates would rise much more slowly than the Federal Open Market Committee itself expected.

Source: http://blogs.wsj.com/economics/2015/03/19/in-fed-vs-markets-the-markets-win-big/?mod=WSJBlog

Grand Central: Fed’s “Dot Plot” Becomes Window to Its Soul

The Wall Street Journal’s Daily Report on Global Central Banks for Thursday, March 19, 2015:
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Source: http://blogs.wsj.com/economics/2015/03/19/grand-central-feds-dot-plot-becomes-window-to-its-soul/?mod=WSJBlog

The Fed Doesn’t Think the U.S. Economy Is at Full Employment, After All

Full employment in the U.S. isn’t here quite yet, according to the latest Federal Reserve economic projections.
Back in December, Fed policy makers pegged the economy’s normal longer-run unemployment rate somewhere between 5.2% and 5.5%. But in updated projections released on Wednesday, they lowered their estimate of the longer-run jobless rate to a range between 5% and 5.2%.

Source: http://blogs.wsj.com/economics/2015/03/18/the-fed-doesnt-think-the-u-s-economy-is-at-full-employment-after-all/?mod=WSJBlog

Economists React to the Fed’s March Statement: ‘No Longer Patient, But Definitely Not Impatient, Yet’

The Federal Reserve dropped a pledge to remain “patient” before starting to raise interest rates, but trimmed its outlook for growth, inflation and unemployment. Here’s how some economists reacted to the statement and Chairwoman Janet Yellen’s press conference.

Source: http://blogs.wsj.com/economics/2015/03/18/economists-react-to-the-feds-march-statement-no-longer-patient-but-definitely-not-impatient-yet/?mod=WSJBlog

No Decisions Yet About Timing Of Fed’s Reinvestment Process End

Federal Reserve Chairwoman Janet Yellen said on Wednesday that officials haven’t decided how long they’ll wait before stopping a program that keeps their balance sheet steady following an initial rate increase.
Ms. Yellen, speaking at a news conference following the completion of the rate-setting Federal Open Market Committee meeting, was addressing the Fed’s ongoing reinvestment of the proceeds of maturing securities into new holdings.

Source: http://blogs.wsj.com/economics/2015/03/18/no-decisions-yet-about-timing-of-reinvestment-process-end/?mod=WSJBlog

Janet Yellen Says Strong Dollar Holding Down Exports and Inflation, But Reflects U.S. Economy’s Strength

A stronger U.S. dollar reflects the strength of the U.S. economy, but also is weighing down on the nation’s exports and inflation, Federal Reserve Chairwoman Janet Yellen said on Wednesday.
“Export growth has weakened. Probably the strong dollar is one reason for that,” Ms. Yellen said at a news conference in Washington. “On the other hand, the strength of the dollar also in part reflects the strength of the U.S. economy.”

Source: http://blogs.wsj.com/economics/2015/03/18/yellen-says-strong-dollar-holding-down-exports-and-inflation-but-reflects-u-s-economys-strength/?mod=WSJBlog

Fed Officials Trim Back Estimates Of Interest Rate Rises Amid Big Forecast Changes

Federal Reserve officials expect the path of future interest rate increases to be less aggressive compared to their projections from the end of last year, according to updated forecasts released Wednesday.
The policymakers also weighed in on their expectations for the economy over the next few years. They cut their outlook for growth. On the jobs front, central bankers see bigger declines in the jobless rate, and project inflation to be weaker. They also believe the jobless rate can fall to a lower level without sparking price pressures.

Source: http://blogs.wsj.com/economics/2015/03/18/fed-officials-trim-back-estimates-of-interest-rate-rises-amid-big-forecast-changes/?mod=WSJBlog
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