美联储

Fed shows a strong consensus for action

The US Federal Reserve is set to ease monetary policy “fairly soon” unless there is a sharp change in economic data after the minutes of its August meeting revealed a strong consensus for action.

“Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery,” say the minutes of the rate-setting Federal Open Market Committee.

That is an unusually clear statement of the FOMC’s views about future action and sets a tough condition for it to change course and keep policy on hold.

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