Required Reading: Catch Up on the Federal Reserve Before Its Pronouncements – Real Time Economics

Associated Press

What will the Federal Reserve announce out of its two-day policy meeting? What might Chairwoman Janet Yellen say at her press conference?  Gear up for the Fed decision and more with the Journal’s recent coverage.

– The central bank concludes its meeting with a statement and new economic projections at 2 p.m. ET followed by Ms. Yellen’s press conference. The global audience will be scouring it for new clues about when the Fed is likely to start raising short-term interest rates from near zero. Many investors expect to see lift-off next summer, but will be watching for any signs the central bank could move sooner. Here are five things to watch.

– Journal economics correspondent Jon Hilsenrath explains why he thinks the Fed will stick with, but qualify, an important phrase in its policy statement Wednesday that assures near-zero interest rates for a “considerable time.”

– Hilsenrath elaborated on that point in a video Spreecast, in which he and Sudeep Reddy discuss what to expect from the Fed’s decision today, where the central bank sees the current economy, and what it is likely thinking about asset bubbles. We’ve included the full video, as well as a few shorter clips.

– In a profile published earlier this week, we profile Ms. Yellen and detail her efforts to seek a consensus on interest rates.  As vice chairwoman of the Federal Reserve, she was an unabashed advocate of easy money who pressed colleagues to embrace her view. As chairwoman she has taken a much different approach, becoming a restrained consensus seeker modeled after her predecessor, Ben Bernanke. The switch has implications for how the Fed will navigate tough decisions in the months ahead.

– What has Ms. Yellen been up to in her first six months on the job? Read through her calendars, obtained via an open-records request, or check out an annotated version by Journal reporters.

– While investors wager on when the Fed might start raising short-term interest rates, a more complicated debate is taking place inside the central bank about future rate increases.

– See what Fed board members and regional bank presidents have been saying in recent speeches ahead of this week’s meetings.



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17 September 2014 | 11:00 am – Source:


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