Nov 4th, 2009 - Bloomberg
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Nov. 4 (Bloomberg) -- The Federal Reserve repeated it willkeep interest rates near zero for “an extended period” andspecified for the first time that policy will stay unchanged aslong as inflation expectations are stable and unemployment failsto decline.
“Businesses are still cutting back on fixed investment andstaffing, though at a slower pace,” the Federal Open MarketCommittee said in a statement today. “Household spendingappears to be expanding, but remains constrained by ongoing joblosses, sluggish income growth, lower housing wealth and tightcredit,” the FOMC said after meeting in Washington.
Related stories:
World's Central Banks Signal End to Emergency Policy 'Largesse'
Nov 5th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- The world’s biggest central banks arestarting to unwind emergency measures introduced earlier thisyear to stave off a second Great Depression.
The...European, British central banks leave rates unchanged; Britain boosts the money supply further
Nov 5th, 2009 - Los Angeles Times
FRANKFURT (AP) - The European Central Bank and the Bank of England kept interest rates at record lows Thursday as their economies struggle to emerge from recession.
The...Fed to Keep Rates Low Despite Pickup
Nov 5th, 2009 - Wall Street Journal
The Federal Reserve affirmed its plan to keep interest rates "exceptionally low" for a long time despite signs of economic recovery. But the Fed began to lay rhetorical groundwork for an eventual shift in its stance...
King, Trichet Signal Move Toward Exit as Economies Improve
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Europe’s biggest central bankssignaled they may be reaching an end to emergency policies setup during the financial crisis as the global economy recovers.Fed to Keep Rates Low for 'Extended Period'
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- The Federal Reserve restated itsintention to keep interest rates “exceptionally low” for “anextended period” as long as inflation expectations are stableand unemployment fails to decline.
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0:59Fed Again Pledges to Hold Rates at Record-Lows
The Federal Reserve pledges to keep a key interest rate at a record low for an 'extended period,' in a sign that the economy is growing, the AP's Mark Hamrick says. (Nov. 4)
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have it on life support? If he pulls the plug, our sick economy is going to die." Although the Fed never said the economy is "sound", Schiff is referring to the FOMC's renewed pledge that ...
1:4690 at 9, Nov 17: Bernanke pledges low rates for longer; Hanover's black hole
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