The first - and most obvious - reason is that the exit will start from a point of
extraordinary policy accommodation, and will involve gradually reducing the amount of stimulus in place, as opposed to initiating a rapid and severe policy tightening.
Particularly during the period of
extraordinary policy accommodation — low interest rates and $ 3.7 trillion of bond buying — the Fed sometimes has struggled to communicate its intentions.
Not exact matches
With the economy humming and the tax cuts adding further stimulus this year, the Federal Reserve has made it clear that its decade - long
policy of
extraordinary accommodation is over.
He comes to the position amid a critical time for the Fed, which is normalizing
policy after years of
extraordinary accommodation triggered by the financial crisis.