posted by admin on Apr 30
More info…
Like a guy whose parachute has just opened, the economy is falling, but not as fast as it once was. That’s the gist of the Federal Reserve’s April 29 monetary policy statement. The Fed said it will keep short-term and long-term rates low until the economy clearly is improving.
What the Fed said: A translation (Bankrate.com via Yahoo! Finance)
Here is a translation of the Federal Reserve’s April 29 rate policy statement.
Federal Reserve statement: a translation (Bankrate.com)
The Federal Reserve isn’t playing around. That’s the message from the central bank’s monetary policy statement resulting from its March 17-18 meeting. The Fed couldn’t cut the federal funds rate lower, because it stands at a range of zero percent to 0.25 percent.
Leave a Reply
You must be logged in to post a comment.