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Fed warns of sluggishness

first_img Fed warns of sluggishness Tags: NULL Tuesday 31 August 2010 9:35 pm Share whatsapp KCS-content whatsappcenter_img US POLICYMAKERS warned of increasing risks to economic growth in the minutes of the Federal Open Markets Committee (FOMC) meeting released yesterday. “The softer tone of incoming economic data suggested that the pace of the expansion would be slower over the near term than previously projected,” the minutes said. The Fed decided to reinvest the proceeds of mortgage-backed securities into safer Treasury bonds in a meeting on 10 August, though some members worried the move would send inappropriate signals to investors about the likelihood of further quantitative easing and the state of the economy. Ben Bernanke and other particpants agreed during the five-hour meeting that the Fed could not rule out future investment in mortgage-backed securities. Members said loans to households and small firms showed slow signs of improvement, and maintained that growth would pick up in 2011. Low interest rates are likely to continue for an “extended period” until economic conditions improve. Only Thomas Hoenig, who has disagreed with the Fed’s interest rate policy for four months, voted against the decision. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.netSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼last_img

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