HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » FEDERAL PRESERVE REFUSES ...

Wed Aug 1, 2012, 05:40 PM

FEDERAL PRESERVE REFUSES TO TAKE NEW STEPS TO BOOST THE ECONOMY

The Federal Reserve today announced that it will take no additional action to boost the economy’s current rate of growth, even though the Fed board admitted that it “anticipates that the unemployment rate will decline only slowly toward levels that it judges to be consistent with its dual mandate.” There had been significant speculation before the announcement that the Fed would take additional steps, potentially including a new round of so-called quantitative easing. Republicans have been warning since the financial crisis hit that the Fed’s actions will spark inflation, despite persistently low inflation rates.

http://thinkprogress.org/economy/2012/08/01/623391/fed-statement-0801/

2 replies, 557 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply FEDERAL PRESERVE REFUSES TO TAKE NEW STEPS TO BOOST THE ECONOMY (Original post)
MindMover Aug 2012 OP
girl gone mad Aug 2012 #1
jberryhill Aug 2012 #2

Response to MindMover (Original post)

Wed Aug 1, 2012, 05:43 PM

1. There is very little the Fed can do..

unless you want them to go rogue and come up with their own fiscal stimulus plan.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to MindMover (Original post)

Wed Aug 1, 2012, 05:54 PM

2. Strawberry is my favorite of the federal preserves

But the peach is good too

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread