This is despite a gathering debate within the central bank about what kind of new measures the bank could take including firmer commitments on forward guidance or asset purchases which were detailed in minutes from last month’s Federal Open Market Committee meeting. «This is a very unusual shock,» Richard Clarida, the Fed’s vice chair, said on Thursday, speaking in a webcast with the New York Association of Business Economics.»It’s going to take some time for us at the Fed to get some sense of what this economy, what the rebound, potentially can look like. They have also been considering offering a more specific path for asset purchases, instead of the current open ended, ad hoc policy.
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