The New York Times
Tue, September 21, 2010 -- 2:23 PM ET
-----
Fed Leaves Rates Unchanged; Remains Ready to Buy Up Debt
The Federal Reserve on Tuesday left benchmark interest rates
unchanged and announced no new steps to speed the plodding
economic recovery, though it reaffirmed that it could start
buying vast quantities of government debt if unemployment
does not improve. Led by its chairman, Ben S. Bernanke, the
Fed's policy-setting committee postponed a pivotal decision
on whether to begin a big new push to stimulate the economy
by creating money and buying large amounts of Treasury
securities, a strategy known as quantitative easing.
In its announcement, the Fed said it saw the pace of economic
growth slowing, and little to no evidence that inflation
would pose a problem in the near future, justifying a
continuation of exceptionally low interest rates.
Read More:
http://www.nytimes.com/2010/09/22/business/economy/22fed.html?hp&emc=na
-----
Now get New York Times breaking news alerts sent to your mobile phone.
Sign up by texting NEWSALERTS to 698698 (NYTNYT).
-----
About This E-Mail
You received this message because you are signed up to receive breaking news
alerts from NYTimes.com.
To unsubscribe, change your e-mail address or to sign up for daily headlines
or other newsletters, go to:
http://www.nytimes.com/email
NYTimes.com
620 Eighth Ave.
New York, NY 10018
Copyright 2010 The New York Times Company
No comments:
Post a Comment