Fed's policy pause sets stage for broad overhaul [MSN Money]
JP Morgan Chase & Co. (JPM)
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Source: MSN Money
Fed's policy pause sets stage for broad overhaul © Reuters/CHRIS WATTIE But whether by dign or by happstance, their policy pause effectively cleans the ctral bank's slate ahead of what could be a massive overhaul of how they manage the U.S. economy, including what tools it us and how it communicat to the public. Load Error Behind the Fed's decision to spd the next year rethinking how it should go about suring that pric remain stable and employmt pltiful are some of the same structural economic chang that led the U.S. ctral bank to put its currt policy on hold in the first place. The connections betwe the Fed's new "patit" stance on policy, its decision to leave its balance sheet bigger than it had previously anticipated, and what looks set to be a tough debate over a possible new policy framework were on full display for the first time at a conferce Friday on monetary policy in New York. There, the influtial chief of the New York Fed, John Williams, nodded to the U.S. economy's new no
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