Home
"Federal Reserve" is ready to offer more to the American economy
Posted 26/04/2012 12:41 AM
WASHINGTON (Reuters) - The head of the Federal Reserve (Fed) Ben Bernanke on Wednesday that the bank would "not hesitate" to launch another round of buying bonds to lower borrowing costs if it turns out that the economy needs it.
Bernanke told reporters "We are still quite ready to take additional steps ... if necessary to achieve our goals."
Chairman of the Federal Reserve (Fed) Ben Bernanke
"The tools that are still on the table and will not hesitate to use them if the economy needed additional support."
The Federal Reserve has cut key interest rates to for the night to about zero in December, in December 2008 by the worst recession in decades and doubled the size of its portfolio to more than three-fold through the purchase of government bonds and bonds to guarantee a mortgage worth $ 2.3 trillion.
Although Bernanke left the door open to buy more bonds or what is known as facilitation quantitative but he gave no hint at all that a third round of purchases is looming near.
The committee Federal reserve monetary policy in a statement issued on Wednesday after a two-day meeting that it expects not to raise interest rates before the end of at least 2014. The Commission refrained from taking any step to change the monetary policy at the moment.
Commission forecasts showed that seven officials now believe it appropriate to raise interest rates during 2014 compared with five officials in January. The four officials said they only want to wait for a longer period.
In January, six officials said they wanted to wait until after 2014, including two officials said they wanted to wait until 2016.
And raise the Federal Reserve predicted for the growth of the U.S. economy in 2012, but reduced growth forecast in the next two years. Showed expectations that appears four times a year that the central bank is expected to decrease unemployment, which currently stands at 8.2 percent at a faster rate than ever before.
[You must be registered and logged in to see this link.]
