For the 22nd-straight month, the central bank kept its target interest rate at 0% to 0.25%. It made no new asset purchases and no changes to QE2, its $600 billion, eight-month bond-buying program. Housing and hiring are two main areas of concern in a slow-growth economy.
Continue reading Fed Maintains Loose Monetary Policy, Calls GDP Growth ‘Insufficient’
Fed Maintains Loose Monetary Policy, Calls GDP Growth ‘Insufficient’ originally appeared on DailyFinance on Tue, 14 Dec 2010 15:46:00.