The survey also queried economists about how the Fed is likely to respond if, in a recession, officials believed lowering rates to zero wouldn’t be enough to revive the economy.
The majority said the Fed will again provide explicit forward guidance and conduct large-scale asset purchases, or quantitative easing. A notable minority of 11 said officials would turn to yield-curve control, a version of QE that involves setting a target yield for long-term securities.
Economists, as in previous surveys, roundly dismissed the notion that President Donald Trump’s public criticism of the Fed would affect monetary policy decision making.
This article was provided by Bloomberg News.