In the last several weeks, the bank has come under strong pressure to relax monetary policy.
But the British government had no intention of backing down or relaxing its policy.
If the economy continues to weaken, the Fed may be forced to relax its policy further.
The government has to relax policy for social reasons.
The central bank had resisted mounting pressure by political leaders and investors to relax its monetary policy.
But to me the purchasing managers' report says there is no chance the Fed will relax policy.
As if to counter that criticism, Government officials relaxed their long-standing policy of keeping economic statistics secret.
Still, the Fed may wait for the markets' response to the budget agreement before it steps in forcefully to relax monetary policy.
The tone of his remarks suggested that the central bank might feel it had more maneuvering room to relax monetary policy.
Starbucks does not plan to relax its no-smoking policy, even though at least a third of Spaniards smoke.