One question now is, when will the Fed see enough bank lending to start tightening?
From a portfolio manager's perspective, interest rates are the least of our worries.
Bond sales from the Fed's portfolio are more important.
* * * * * J B K * * * * *
San Francisco
March 16 (Bloomberg) -- Federal Reserve officials repeated their pledge to keep the main interest rate near zero for an "extended period" and confirmed that emergency measures to prop up the housing market will end as planned this month.
While the economy has "continued to strengthen," policy makers noted that "housing starts have been flat at depressed levels" and "employers remain reluctant to add to payrolls."
http://www.bloomberg.com/apps/news?pid=20601068&sid=aNrE0tetrzXo
