This week, officials at the U.S. Federal Reserve will meet to discuss their next moves in managing a disappointing economic recovery. Unfortunately, they're not likely to say what they should.
I expect that the Fed will leave its target range for short-term interest rates unchanged at a quarter to a half percent, and wonâ??t alter its long-term asset holdings. That's partly because little has changed in the economic data since the central bank's last policy-making meeting in September, when it also decided not to act.
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