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Reply #42: Fed acknowledges economy in soft patch [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-22-11 11:51 AM
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42.  Fed acknowledges economy in soft patch

The US Federal Reserve kept monetary policy frozen after its June meeting as it acknowledged that the economy has run into a soft patch.

The central bank said that interest rates will remain on hold at 0 to 0.25 per cent for an “extended period” and it will continue to reinvest in its securities portfolio. That will keep the Fed’s balance sheet at around $2,800bn in size.

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http://link.ft.com/r/19JYUU/C4M20I/YGZ3O/V1F52P/4062NG/KI/t?a1=2011&a2=6&a3=22
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