After the Federal Reserve’s Federal Open Market Committee meeting, Chairwoman Janet Yellen announced that patience and inflation are key to the next steps of growth, the NAHB reports.
With the end of the asset purchase program, Yellen states that a liftoff, the first increase in the federal funds rate, would be data driven instead of calendar based. Though the Fed is confident that the economy is improving, below-target inflation will still be closely monitored.
PB Topical Ref
