[Say that in English:] Fed Shifts to a Less Predictable Approach to Policy Making...

Nick Timiraos, The Wall Street Journal; hear also

Officials on uncertain path, likely tying decisions to short-term economic data

Excerpt:

“Raising rates too quickly could unnecessarily shorten the economic expansion, while moving too slowly could result in rising inflation and inflation expectations down the road that could be costly to reverse, as well as potentially pose financial stability risks,” said Fed Vice Chairman in a speech Tuesday. ...

The process of learning more about the two estimates, said Mr. Clarida, “supports the case for gradual policy normalization, as it will allow the Fed to accumulate more information from the data about the ultimate destination for the policy rate.” ...