Fed Attempts to Jump-Start the Economy
The Federal Reserve ended its do-little policy on Thursday, pledging to keep interest rates near zero and announcing an open-ended commitment to buy bonds and possibly take other steps to push the economy into motion.
The Federal Reserve ended its do-little policy on Thursday, pledging to keep interest rates near zero and announcing an open-ended commitment to buy bonds and possibly take other steps to push the economy into motion.
— Posted by Alexander Reed Kelly.
Rock Solid JournalismThe New York Times:
The Fed said that it would add $23 billion of mortgage bonds to its portfolio by the end of September and then announce its plans for October as part of a new process that aims to prioritize the Fed’s economic objectives.
The Fed also said, in a statement following a meeting of its policy-making committee, that it now expects to hold short-term interest rates near zero until at least mid-2015, extending the forecast it made in January by about half a year.
The statement said that the economy had continued to expand “at a moderate pace,” but that the Fed had concluded “growth might not be strong enough to generate sustained improvement in labor market conditions.”
In 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
Courts & Law
A sinister Republican bond scheme could price average Americans out of the U.S. justice system.
Its forced choice to bankroll hedge funds and other speculative ventures in repo market comes at a price to the middle class.
The three major indexes set more record highs than in 2018 and kept the longest bull market for stocks going.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.