The Federal Reserve may today reduce its main interest rate to the lowest level on record and prepare for one of the boldest experiments in its 94-year history: using its balance sheet as the key tool for monetary policy. The FOMC is likely to cut its benchmark rate in half, to 0.5%, according to forecasts in a Bloomberg survey. The central bank may also signal plans to channel credit to businesses and consumers by further enlarging its $2.26 trillion of assets.
Popularity: 3% [?]
