Fed Signals Next Move May Link Stimulus to Economic ‘Mileposts’
This article is for subscribers only.
Federal Reserve officials moved closer to setting targets for economic performance such as inflation to decide how long to keep interest rates at a record low, an action analysts said may come as soon as next month.
Most of the central bank’s 17 governors and regional bank presidents “saw advantages” in the approach and judged it would make policy more effective, the Fed said yesterday in minutes of its Sept. 20-21 meeting in Washington. Some officials wanted to keep more bond purchases as an option, the minutes said.