News
CNN: Money | Fed to keep interest rates low until 2013
Among those surprises were dissension among the ranks of the central bank, a "considerably slower" reading on the economy, and a bold statement that the Fed stands ready to enact further stimulus measures if needed.
Market Watch | Fed is as paralyzed as Congress is
Type the sentence(s) summarizing the link here.The U.S. economy is slumping, and the word Tuesday from the Federal Reserve is that the central bank is just as paralyzed as Congress is.
Econ Comments
WSJ | Doubling Down on Zero
The Federal Reserve has kept its short-term interest-rate target at near-zero for 32 months, and yesterday its Open Market Committee announced that it'll keep the rate there for at least another 24 months. This is what a central bank does when it wants to appear to do something to help the economy but has already fired most of its ammunition.
WSJ: Real Time Economics | Economists React: Fed ‘Bunts’ With Timeframe for Low Rates
Economists and others weigh in on the Fed’s statement and its decision to keep rates low through mid-2013.
Blogs
WSJ: Real Time Economics | Fed Statement Following August Meeting
The following is the full text of the statement following the Fed’s August meeting:
Econlog | Kipper- Und Wipperzeit Update, August 9
In essence, resolving the crisis in confidence needs the current ad hoc approach to be replaced with the structure of a more formal mechanism that will generate the confidence in the world financial system needed to restore stability in world markets.
WSJ: Real Time Economics | Why Fed Move May Have Pushed Investors Into Stocks
Whether the Federal Reserve’s decision to keep rates on hold into 2013 will make banks any more comfortable lending is an open question. But for the moment, it seems to have made investors more willing to hold stocks. Here’s why.
