The current stance of monetary policy is appropriate according to FOMC members. The Fed considers introducing a temporary asymmetric operational inflation target range, economists at Danske Bank inform. Key quotes “With respect to policy signals we did not learn much new, which also makes sense given the many Fed speeches recently. Consensus among FOMC members is that ‘the current stance of monetary policy is appropriate’ and that the Fed wants to see how the economy reacts to the three insurance cuts last year.” “The FOMC members had a long discussion about how to tweak the current symmetric 2% inflation target. They discussed the idea of a (temporary) asymmetric operational range with 2% being at or near the lower end of the range. This would signal to market participants that the Fed can tolerate inflation above 2% for some time without raising rates. Our base case is still that the Fed implements some sort of average inflation targeting this year, the question is the exact formulation of it.” “The Fed is still seriously considering implementing a standing repo facility to make sure overnight rates do not surge again like last year.” “With respect to the level of reserves, the Fed is still aiming at approximately USD1,500bn. This level is expected to be reached before April.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD loses the grip and drops to 1.2850, fresh 2020 lows FX Street 2 years The current stance of monetary policy is appropriate according to FOMC members. The Fed considers introducing a temporary asymmetric operational inflation target range, economists at Danske Bank inform. Key quotes “With respect to policy signals we did not learn much new, which also makes sense given the many Fed speeches recently. Consensus among FOMC members is that ‘the current stance of monetary policy is appropriate’ and that the Fed wants to see how the economy reacts to the three insurance cuts last year.” “The FOMC members had a long discussion about how to tweak the current symmetric 2% inflation target.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.