As regional Federal Reserve bank presidents return to the speaking circuit this week, many investors will be scrounging for clues as to whether the central bank plans to launch a third major bond-buying program later this summer.
Fed officials may also offer hints about another step the central bank could take: shifting its guidance on when it first expects to raise interest rates.
The Federal Open Market Committee, the Fed’s policy-making arm, has said since January that it expects to keep short-term interest rates near zero through at least late 2014. But comments and recently revised projections from Fed officials have some economists guessing the Fed might decide to stick with its easy-money policy into 2015.
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