Fed Meeting Minutes Reveal No Plan Yet for Exit Strategy

The minutes from the last US Federal Reserve meeting suggest that while the Fed is considering the need to back away the massive spending programs it supported during the recession, it has not developed an actual plan or time frame for doing so.

The Federal Open Market Committee (FOMC) “discussed possible approaches for formulating and communicating key elements of its strategy for removing extraordinary monetary policy accommodation at the appropriate time,” minutes from the March 16 meeting said.

Source: AFP News

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.