17 Dec 2014
Will volatility be a factor in the FOMC? - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes the forthcoming FOMC and possibility of topics.
Key Quotes
"There has been some talk that market volatility may force the Fed to slow down the preparation for the normalization of monetary policy. We suspect too much is being made of the volatility. In October, some, including a regional Fed president, spurred such thinking."
"The minutes suggest that the FOMC considered commenting on the volatility, but decided against it. We see no compelling reason for the Fed to change its collective mind now."
Key Quotes
"There has been some talk that market volatility may force the Fed to slow down the preparation for the normalization of monetary policy. We suspect too much is being made of the volatility. In October, some, including a regional Fed president, spurred such thinking."
"The minutes suggest that the FOMC considered commenting on the volatility, but decided against it. We see no compelling reason for the Fed to change its collective mind now."