Fed ponders, Appears likely to make price control on interest rates more or less permanent

The problem is that a permanent price control on the most important price in the economy can only destroy what is left of the market economy.

(From CNBC)

“We expect the FOMC to announce, eventually, threshold-based forward guidance that would establish economic benchmarks to be attained before the target for the federal funds rate would be raised above its effective lower bound,” he said in an analysis.

“Those benchmarks are likely to include references to reaching approximately full employment and achieving two percent inflation on a sustained basis.”

Reprinted from: https://www.ac2news.com/2020/06/fed-ponders-appears-likely-to-make-price-control-on-interest-rates-more-or-less-permanent/