1. Fed makes its last stand in struggle to keep potent in age of low interest rates - MarketWatch

    Fed makes its last stand in struggle to keep potent in age of low interest rates - MarketWatch

    The Federal Reserve has said for some time that it didn’t want to become impotent with its policy rate stuck at zero. Now we know their plan of action to avoid this outcome.

    On Wednesday, the Fed rolled out of the final details of its new strategy, promising to allow inflation to overshoot its 2% target and setting a relatively strict criteria for the next interest-rate hike.

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