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Framework complete, Fed faces election year call on next steps
Reuters: With a new policy framework in place, the Federal Reserve will turn to discussion of its next steps in the fight against the economic fallout of the coronavirus pandemic, and if and when to roll out additional support.
Fed Vice Chair Richard Clarida said on Monday that following release of the Fed’s new long-run strategy last week, policymakers “will be returning to a discussion of potentially refining guidance and our balance sheet communication,” the Fed’s now staple recession-fighting tools involving promises about future policy and the pace of monthly bond purchases.
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