There has been a lot of speculation about what the FOMC could decide at their two-day rate decision meeting which ends tomorrow. Interest rates, as expected, are likely to remain the same. However, there has been a lot of talk regarding the potential new policies that the Fed could introduce. Especially after Powell’s comments at Jackson Hole! Is it Time for an Average Inflation Target? There is a pretty firm consensus that in the statement accompanying the rate decision, the FOMC will change their inflation target language. The current version is “symmetric 2% inflation objective”. And it’s likely to read something ... (full story)