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Fed is weighing key issues but may reveal little

By Martin Crutsinger
Published July 29, 2014 4:12pm ET
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Fed is weighing key issues but may reveal little
FILE - In this July 16, 2014 file photo, Federal Reserve Chair Janet Yellen gestures as she testifies before the House Financial Services Committee hearing entitled: "Monetary Policy and the State of the Economy," on Capitol Hill in Washington. Federal Reserve policymakers begin a two-day meeting to set interest rates on Tuesday, July 29, 2014. (AP Photo/Pablo Martinez Monsivais, File) | Pablo Martinez Monsivais

WASHINGTON (AP) — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.

This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation? How will it do so? And when will the Fed start paring its enormous $4 trillion-plus investment portfolio — a step that will put upward pressure on interest rates?

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