U.S. Fed to maintain ultra-loose policy as economic recovery far from complete--China Economic Net
--Economists at Wells Fargo Securities believed that the U.S. labor market would need to "strengthen significantly" before the Fed starts to publicly contemplate a tapering of asset purchases. The U.S. Federal Reserve is expected to maintain its ultra-loose monetary policy as the economic recovery remains far from complete, analysts said. "We expect the Fed to maintain its policy rate between a range of zero and 0.25%, with no changes to the central bank's forward guidance with respect to asset purchases," following a two-day policy meeting that will end on Wednesday, said Joseph Brusue...