The Fed is likely to keep the full $85B QE program in place when it meets next week, writes Jon...

|By:, SA News Editor

The Fed is likely to keep the full $85B QE program in place when it meets next week, writes Jon Hilsenrath, but on the table should be whether to refine its forward guidance, particularly whether to lower the 6.5% UE rate threshold for tightening policy. At issue is the Fed's desire to calm market worries over an imminent hike in interest rates. In the running for Fed chief, Larry Summers suggests the UE threshold might be too high.