Look for Newest Fed Policy Doves to Show Feathers Over Long Term
Five new Federal Reserve policy makers are seen as having a slightly greater focus on employment than inflation, but don’t expect a swift impact from this dovish tilt, economists surveyed by Bloomberg said. About a quarter of the economists predict the addition of three Fed governors and two regional bank presidents will lead to slightly more dovish policy over the next 18 months, while 71% see no impact. A majority of economists expect policy to be slightly more dovish after that because of the personnel change. A third say it won’t make any difference. The Federal Open Market Committee, including its newest
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