"With rates near zero, Fed still has a role to play" by Gary Siegel, The Bond Buyer.
Kevin Philip, managing director at Bel Air Investment Advisors, agreed the panel will urge additional fiscal stimulus. "It is no secret the Fed is running light on additional tools; interest rates are close to negative, its lending programs are in place, and they’ve announced an approach to inflation that targets an average level, allowing for periods of higher levels of inflation to run ‘hot’ to compensate for times of lower inflation.”
And expect a “non-partisan” tone, whether the election has been decided or not, he said. “The Fed will try to balance supportive comments on the economy with its perception that the U.S. economy is in the ICU and only feels OK because of a historic dose of adrenaline administered earlier this year that is fast running out."
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