The FOMC is likely to put policy "on hold" judging from past behavior, St. Louis Fed chief James...

|By:, SA News Editor

The FOMC is likely to put policy "on hold" judging from past behavior, St. Louis Fed chief James Bullard says in an Arkansas speech - meaning no change to near-zero rates and a maintained record balance sheet for an extended period. Research shows that the current oil surge "does not seem to qualify as an important macroeconomic shock."