- The Committee discussed the pace and composition of the asset purchase program but clearly reached no conclusions on either.
- The most notable and interesting aspect of the post-FOMC meeting press conference was how focused the press was this time, in contrast to previous briefings, on the nuances of policy and how the FOMC was communicating it.
- Overall, this was one of the best briefings of recent times, in part because of the way the press stuck to the key issues and questions that were on everyone’s minds and did not veer off into discussion of regulatory policy and other diversions.
For further details see:
FOMC July Meeting