This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.nytimes.com/2017/06/14/us/politics/federal-reserve-meeting-interest-rates.html
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| What to Expect From the Fed Today | What to Expect From the Fed Today |
| (about 5 hours later) | |
| WASHINGTON — The Federal Reserve is expected to announce the results of the two-day meeting of its policy-making committee at 2 p.m. Wednesday. Here’s what to expect: | |
| • The Fed is expected to raise its benchmark rate to a range between 1 percent and 1.25 percent. It would be the Fed’s third consecutive quarterly increase, reflecting its confidence in the stability of the economic expansion. Low rates support growth by encouraging borrowing; as the Fed raises rates, it reduces that support. | |
| • The Fed may also provide more information about its plans to gradually reduce its $4.5 trillion portfolio of Treasuries and mortgage-backed securities, the final step in ending its economic stimulus campaign. Janet L. Yellen, the Fed’s chairwoman, is likely to face questions about those plans at a news conference scheduled for 2:30 p.m. | • The Fed may also provide more information about its plans to gradually reduce its $4.5 trillion portfolio of Treasuries and mortgage-backed securities, the final step in ending its economic stimulus campaign. Janet L. Yellen, the Fed’s chairwoman, is likely to face questions about those plans at a news conference scheduled for 2:30 p.m. |
| • The big question is whether the Fed is still on course to raise its benchmark rate at least one more time this year. Fed officials predicted three increases at the beginning of the year, but inflation has weakened in recent months. Investors will be looking for signs that the Fed is no longer quite so confident that the economy is ready for higher rates. | • The big question is whether the Fed is still on course to raise its benchmark rate at least one more time this year. Fed officials predicted three increases at the beginning of the year, but inflation has weakened in recent months. Investors will be looking for signs that the Fed is no longer quite so confident that the economy is ready for higher rates. |
| These days, when Ms. Yellen acts, we figure she is not doing President Trump’s bidding. But that independence was not always assumed in the Fed’s early years. A standoff from the 1960s between President Lyndon B. Johnson and the Fed chairman at the time, William McChesney Martin, provided a template for interactions between the Federal Reserve and the White House for decades to come. Read how. » |