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When will the Fed end its zero rate policy?

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  • Jens H. E. Christensen

Abstract

U.S. Treasury yields and other interest rates increased in the months leading up to the Federal Reserve?s December 2013 decision to cut back its large-scale bond purchases. This increase in rates probably at least partly reflected changes in what bond investors expected regarding future monetary policy. Recent research on this episode tentatively suggests that investors moved earlier the date when they believed the Fed would exit its zero interest rate policy, even though Fed policymakers made few changes in their projections of appropriate monetary policy.

Suggested Citation

  • Jens H. E. Christensen, 2014. "When will the Fed end its zero rate policy?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    • Handle: RePEc:fip:fedfel:00006
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    1. Augusto de la Torre & Guillermo Beylis & Jaime de Piniés, "undated". "International Flows to Latin America--Rocking the Boat? LAC Semiannual Report, April 2014," World Bank Publications - Reports 18029, The World Bank Group.

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