Fed Open Market Committee: Stretches the near-zero interest-rate policy through late 2014,...


Fed Open Market Committee: Stretches the near-zero interest-rate policy through late 2014, beyond the previous mid-2013. The Fed will continue stretching out maturities via Operation Twist, but there's no QE3 today. Lacker objects, but just over the fed funds rate time period.
Comments (14)
  • Conventional Wisdumb
    , contributor
    Comments (1800) | Send Message
     
    The war on savers and the retired continues despite the fact that we have been pounded into submission years ago, the bully just keeps coming back to pound on us some more.

     

    Beatings will continue until morale improves.
    25 Jan 2012, 12:45 PM Reply Like
  • PCScipio
    , contributor
    Comments (204) | Send Message
     
    Risk-on is your friend.
    25 Jan 2012, 12:57 PM Reply Like
  • WMARKW
    , contributor
    Comments (10798) | Send Message
     
    And gold responded accordingly....geesh. Over $1700 now. OK.
    25 Jan 2012, 01:27 PM Reply Like
  • drekon
    , contributor
    Comments (193) | Send Message
     
    and a fresh breath is put in the bubble
    25 Jan 2012, 12:57 PM Reply Like
  • PCScipio
    , contributor
    Comments (204) | Send Message
     
    Which bubble?
    25 Jan 2012, 12:59 PM Reply Like
  • drekon
    , contributor
    Comments (193) | Send Message
     
    the artificially low interest rate, bond bubble. bernanke holds quite a crystal ball that is able to look out 3 years...
    25 Jan 2012, 01:02 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    The same type of bubble the Fed blew last time around up to 2008. Just different assets this time around.
    25 Jan 2012, 03:48 PM Reply Like
  • PCScipio
    , contributor
    Comments (204) | Send Message
     
    Of course, bonds! I wasn't thinking. Doh!
    25 Jan 2012, 01:13 PM Reply Like
  • kyleg17
    , contributor
    Comments (174) | Send Message
     
    I'm pretty sure everyone knew intrest rates were gunna stay low. Why is this news to everyone ? Lol
    25 Jan 2012, 01:29 PM Reply Like
  • Philip Mause
    , contributor
    Comments (4233) | Send Message
     
    I can remember writing that the Fed would not raise rates until early 2013(after the election) and being told I was nuts. The question now is whether the Fed will raise rates in my lifetime(I am 67 and overweight).
    25 Jan 2012, 01:33 PM Reply Like
  • WMARKW
    , contributor
    Comments (10798) | Send Message
     
    Philip....one of the most important things you can do to enjoy your life is manage your weight. All the work we do to work, save, accumulate, prepare for retirement is only made fruitful by having the health to enjoy it. So here's to a healthy life style that will allow us to enjoy time with our families and friends.

     

    Oh....and by the way....don't count on your Treasuries to provide you with interest income. LOL.
    25 Jan 2012, 01:37 PM Reply Like
  • optionmike
    , contributor
    Comments (91) | Send Message
     
    ZIRP may be the most dangerous economic policy of all economic policies
    25 Jan 2012, 01:46 PM Reply Like
  • User 487974
    , contributor
    Comments (1101) | Send Message
     
    The fed is worthless!
    0 % rates until late 2014?
    Japan anyone?
    Savers, older retired folks? The fed just flipped you off, AGAIN!
    Remember when you go to the polls this November!
    Jerry
    Depression is here, act accordingly!
    25 Jan 2012, 02:02 PM Reply Like
  • John Lindauer
    , contributor
    Comments (244) | Send Message
     
    This story is inaccurate and misleading. The Fed does not set the interest rates at which banks either borrow or lend money. Rather, it controls the money supply by buying and selling assets in the open market and by raising or lowering the banks' reserve requirements. The author is acting as if a change or stability in the overnight rate of interest one bank charges another for reserves is significant. It is not - no banker would ever borrow money that has to be repaid in 24 hours and loan it out. A much better description of the real world activities of the Fed can be found in the various curated articles on Seeking Alpha.
    Search for Federal Reserve or Inflation.
    25 Jan 2012, 02:09 PM Reply Like
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