The Alan Blinder Economic Outlook
Following each meeting of the Federal Reserve’s Federal Open Market Committee (FOMC), Promontory Interfinancial Network co-founder, former vice-chair of the Fed, and Princeton economist Alan Blinder provides an analysis of the proceedings and implications for future policy and economic activity.
As almost-universally expected, the Federal Open Market Committee did not change interest rates at its July 31-August 1 meeting. In fact, it hardly changed any words from its June 13 statement. (Why would it?) Read more.