http://www.wsj.com/articles/feds-considerable-time-policy-phrase-takes-focus-1418071999
Fed Aims to Signal Shift on Low Rates
Central Bank Could Drop ‘Considerable Time’ Phrasing in Policy Statement
ENLARGE
Federal Reserve Chairwoman Janet Yellen, shown in October, is in position for the first time in a decade to start of a round of interest-rate increases. ASSOCIATED PRESS
By
JON HILSENRATH
Updated Dec. 8, 2014 6:30 p.m. ET
9 COMMENTS
Federal Reserve officials are seriously considering an important shift in tone at their policy meeting next week: dropping an assurance that short-term interest rates will stay near zero for a “considerable time” as they look more confidently toward rate increases around the middle of next year.
Fed Aims to Signal Shift on Low Rates
Central Bank Could Drop ‘Considerable Time’ Phrasing in Policy Statement
ENLARGE
Federal Reserve Chairwoman Janet Yellen, shown in October, is in position for the first time in a decade to start of a round of interest-rate increases. ASSOCIATED PRESS
By
JON HILSENRATH
Updated Dec. 8, 2014 6:30 p.m. ET
9 COMMENTS
Federal Reserve officials are seriously considering an important shift in tone at their policy meeting next week: dropping an assurance that short-term interest rates will stay near zero for a “considerable time” as they look more confidently toward rate increases around the middle of next year.
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