Tuesday, April 16, 2024
HomenetnetThink you know what the Fed will do? Guess again

Think you know what the Fed will do? Guess again

The most recent deliberations among Federal Reserve officials point to a central bank that is at its most divided self since the financial crisis.

True, the voting among Open Markets Committee members casts the appearance of near-unanimity, a credit to outgoing Chairman Ben Bernanke's skills at consensus building or at least the appearance thereof.

But within the minutes of the December meeting is a Fed standing at the crossroads of a post-crisis economy being guided by mid-crisis monetary policy.

(Read more: Minutes show Fed cautious toward cutting QE)

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