Looks like we won’t have to huddle around the screen at 2:15 ever six weeks for the FOMC to deliver rate news. With rates virtually at zero, they’ll use new measures to communicate with the market. According to Bloomberg:
Announcements of new lending programs or asset purchases will now be principal signals of policy, a senior Fed official said in a conference call with reporters. The central bank is considering whether to provide more information about the composition and targeted size of its balance sheet, the official said on condition of anonymity.
