The bigger question is, can unprecedented, concerted global monetary policy action repeal the business cycle? (businesscycle.com)
Voting for the FOMC monetary policy action were Jerome H. Powell, Chairman; William C. Dudley, Vice Chairman; Thomas I. Barkin; Raphael W. Bostic; Lael Brainard; Loretta J. Mester; Randal K. Quarles; and John C. Williams. (finance.yahoo.com)
In the wake of the global financial crisis, monetary policy has continued to evolve, in this latest incarnation battling low inflation and stagnation via unconventional monetary policy actions like quantitative easing and near - zero or even negative interest rates. (frbsf.org)