Valox
Senior Member
- Dec 1, 2011
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To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.
FRB: Press Release--Federal Reserve issues FOMC statement--January 25, 2012
Bernanke to America: Go borrow, borrow, borrow, and spend, spend, spend.
FRB: Press Release--Federal Reserve issues FOMC statement--January 25, 2012
Bernanke to America: Go borrow, borrow, borrow, and spend, spend, spend.