In addition, with regard to forward guidance, the Committee said that, first, it intends to continue buying MBS and other assets until it sees a substantial improvement in the outlook for the labor market. 2 Second, the Committee stated that it expects a highly accommodative stance of monetary policy to remain appropriate for a considerable time after the economic recovery strengthens.
And third, the Committee noted that it currently expects to hold the federal funds rate at exceptionally low levels at least through mid-2015, about a half-year longer than previously announced.