Go Back   SZONE.US Forums > Current Events > News > Personal Liberty

Personal Liberty Bob Livingston provides you with a conservative, Christian view on life. Helping you live free in an unfree world. Delivering news on improving you health, boosting your wealth, and protecting your civil liberties."

Personal Liberty

Fed Still Running Money Machines Full Steam

Views:66
Reply
Thread Tools Search this Thread Rate Thread
  #1  
Unread 05.01.13, 06:20 PM
@PersonalLiberty @PersonalLiberty is offline
Senior Member
 
Join Date: 05.09
Posts: 21,959
Fed Still Running Money Machines Full Steam

05.01.13 12:52 PM

At this point it probably no longer qualifies as news, but for what it’s worth: Federal Reserve officials decided during the central bank’s Federal Open Markets Committee meeting this week to continue keeping interest rates low and making monthly $85 billion bond purchases.

Notable of the most recent FOMC meeting, however, is that, unlike at its last meeting, officials seem to agree that its long-standing low-interest, money-pumping policy should continue for the time being — but with the caveat the Fed ready itself to increase or draw down its economic meddling as conditions evolve.

“The committee is prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes,” the FOMC today in conclusion of its two-day meeting.

Analysts say the announcement could be a sign that the Fed is trying to hedge against widespread economic volatility.

The statement gives them flexibility on the upside and the downside,” John Silvia, chief economist at Wells Fargo Securities LLC, told Bloomberg. “The whole debate had centered on when to taper off. Given some of the latest data, the Fed could be more aggressive in its policy.”




http://personalliberty.com/2013/05/0...es-full-steam/
Reply With Quote
Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Rate This Thread
Rate This Thread:



All times are GMT -8. The time now is 05:38 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Copyright ©2007 - 20017 SZONE.US All rights reserved