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Is It Time to Ditch a Fed-Funds Rate?

Federal Reserve assembly mins uncover a executive bank discussed alternatives to a interest-rate benchmark it has been regulating for decades only as it is widely approaching to lift a rate subsequent month.

Minutes of a Nov. 1-2 interest-rate-setting Federal Open Market Committee meeting, expelled Wednesday, exhibit that a Fed has been weighing benchmarks to reinstate the effective federal-funds rate if certain scenarios were to develop,…

Article source: http://www.wsj.com/articles/fed-officials-discussed-alternatives-to-benchmark-rate-minutes-show-1479938627