There was some expectation that the Federal Reserve Board would address the federal funds rate in a more aggressive manner than it did, but the official word was that the committee will assess both realized and expected progress toward its objectives of maximum employment and 2 percent inflation.The Federal Reserve's Federal Open Market Committee meeting of 17-18 June concluded at a press conference with new Chairwoman Janet Yellen that barely had any news at all as there were only subtle differences from the meeting's written report. The Federal Reserve's official statement included the following:To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative...

TAGS – Energy