Whitepaper

Global Fixed Income Strategy - July 2020

Global Fixed Income Strategy - July 2020

Outlook for Fed Policy: Near-Term, Longer-Term

 

In November 2018, the US Federal Reserve (Fed) announced that it would conduct a broad review of its monetary policy framework. The new framework will likely shape monetary policy in the coming years. What do we expect from this soon to be concluded policy review? The main change in the Fed’s policy framework will likely be in the way that it manages inflation, namely a switch to more flexible “average inflation targeting”.