Additionally, policymakers had previously acknowledged rate cuts» ineffectiveness at pushing down term premium at the start of Great Recession, but «tantrum fears» had subsequently fueled «policy cognitive dissonance» to argue otherwise
during policy normalization.
Not exact matches
The US Dollar was boosted overnight by prospects of Fed continuing the path of gradual monetary
policy normalization in light of inflation in the US approaching the targeted levels but retreated somewhat
during the European trading on Thursday on profit - taking.
When asked for additional clarity
during the March FOMC press conference she said only that shrinking the balance sheet is not predicated on a pre-specified level for the federal funds rate and that overall monetary
policy normalization would be «well under way» before shrinking the balance sheet commenced.