Goldman Expects the Fed to Do More as Financial Conditions Prove Resilient
- Global gains revive questions about Fed policy effectiveness
- Broad macro risks key driver for Treasuries, Bank of America
Rivlin Sees Fed Staying on Track Despite Uncertainty
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The Federal Reserve hasn’t lost its mojo.
Policy makers just need to work it a little harder when it comes to influencing the U.S. business cycle. That’s the conclusion of Goldman Sachs Group Inc. analysts with financial conditions easing in the past six months even after two interest-rate increases and the looming unwind of the central bank’s balance sheet.