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But it will be forward guidance that determines whether the Fed will have been successful in supporting the US economy back to health.
"Do we know whether the Fed did that?
One is whether the Fed will truly exit from QE as quickly as it signalled.
The question is whether the Fed has achieved a balance between price stability and sustaining growth.
It is not clear whether the Fed will acquiesce to A.I.G.'s request.
Analysts are divided about whether the Fed will adjust its language.
The better question may be whether the Fed is still behind the curve.
But that shared assessment did not mean a unified view on whether the Fed should act.
"The earnings, the guidance is more important than whether the Fed cavalry is getting ready.
Whether the Fed agrees is a matter of great importance for the banking industry.
There had been some question over whether the Fed might extend the program past the spring.
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CEO of Professional Science Editing for Scientists @ prosciediting.com