Dovish FOMC risks losing market trust

bernanke-ben

Market participants were surprised by the Federal Reserve’s announcement on Wednesday that it will maintain its quantitative easing programme at its current level, with some saying any positive data on the US economy in the coming weeks could bring its credibility into question.

At its Federal Open Market Committee (FOMC) meeting on September 18, the Fed expressed reluctance to alter its monetary policy until it sees a broad-based recovery in the US economy. The news saw the US dollar fall

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: