U.S. Economic Outlook and Monetary Policy
Ben Bernanke held a news conference following the quarterly Federal Open Market Committee (FOMC) meeting on current economic projections. He… read more
Ben Bernanke held a news conference following the quarterly Federal Open Market Committee (FOMC) meeting on current economic projections. He announced that interest rates would remain low and that “quantitative easing,” the Federal Reserve policy of buying $85 billion monthly in debt with money it created, would continue. He also stated that although the central bank was closely watching bank shutdowns in Cyprus, the closures to prevent bank runs were unlikely to affect the U.S. unless they became contagious. close
Resources
- Federal Open Market Cmte. website
Federal Reserve - FOMC Economic Outlook Statement
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