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Federal Reserve Latest News: Economix Blog: Handicapping the Fed's Next Move

Wochit 0:51 mins

It's not clear how the latest employment report will influence the course of Federal Reserve's monetary policy. But it's been a big day for forecasts nonetheless. James Bullard, A senior Federal Reserve official, said that the U.S. central bank's current practice of holding quarterly press conferences could be distorting policy decisions, and urged the Fed to stage one after every meeting to ensure a smooth process. Data from a Bank of America Merrill Lynch Global Research report showed Bond funds worldwide suffered outflows of $1.6 billion in the latest week as investors awaited signs from the Federal Reserve regarding its bond-buying stimulus.

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