Economics
Fed to Stay on Sidelines Amid Election Drama: Decision Day Guide
- Changes to asset purchases unlikely at this week’s meeting
- Divided government may pressure Fed to up monetary stimulus
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The Federal Reserve is likely to hold off from any major policy changes with the U.S. election still in the balance, even as pressure to act mounts amid diminishing prospects for aggressive fiscal stimulus.
With no shift expected, officials could still open the door to adjusting their asset purchase program in either the statement issued by the Federal Open Market Committee at 2 p.m. Washington time, or during Chair Jerome Powell’s press conference 30 minutes later.