The Federal Reserve's policy-setting committee will meet on Tuesday, September 15, amid a prolonged deadlock in Congress over how to support the United States economy battered by the coronavirus downturn.
Rather, officials will perhaps offer details on their new inflation targeting strategy while underscoring that, despite some positive economic signs, unpredictability reigns. The FOMC"will continue to encourage fiscal stimulus without taking sides," he said. And with this meeting the last before the November presidential election in which President Donald Trump vies for a second term against former vice president Joe Biden, the Fed is"fortunate in that there is no pressing need for any abrupt policy move."Congress passed the $2.
"With the economy showing a slightly better than expected rebound and Congress paralyzed by partisan tensions, he may be even more circumspect," Wessel said.The meeting will see participants give economic projections and forecasts for as far ahead as 2023, and Englander expects they'll predict"slow recovery, slow pickup in inflation."
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