March 19th Fed Statement Highlight:
“To support continued
progress toward maximum employment and price stability, the Committee today
reaffirmed its view that a highly accommodative stance of monetary policy
remains appropriate. In determining how long to maintain the current 0 to 1/4
percent target range for the federal funds rate, the Committee will assess
progress--both realized and expected--toward its objectives of maximum
employment and 2 percent inflation. This assessment will take into account a
wide range of information, including measures of labor market conditions,
indicators of inflation pressures and inflation expectations, and readings on
financial developments. The Committee continues to anticipate, based on its
assessment of these factors, that it likely will be appropriate to maintain the
current target range for the federal funds rate for a considerable time after
the asset purchase program ends, especially if projected inflation continues to
run below the Committee's 2 percent longer-run goal, and provided that
longer-term inflation expectations remain well anchored.”