Bill McBride — FOMC Statement: "fiscal policy is restraining economic growth", "prepared to increase or reduce the pace of its purchases"

The key changes:
1) "fiscal policy is restraining economic growth."

2) "The Committee is prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes."

The FOMC is clearly signaling that fiscal policy is hurting the economy ...
Calculated Risk
FOMC Statement: "fiscal policy is restraining economic growth", "prepared to increase or reduce the pace of its purchases"
Bill McBride