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Fed Open Market Committee: Few surprises, unanimously voting to maintain rates at zero to 0.25%,...

Fed Open Market Committee: Few surprises, unanimously voting to maintain rates at zero to 0.25%, anticipating conditions "are likely to warrant exceptionally low levels of the federal funds rate for an extended period." Gradually slowing purchases of agency MBS and agency debt, still on track to wrap by end of first quarter.
Comments (5)
  • silver-bug
    , contributor
    Comments (157) | Send Message
     
    Thank you, Ben! Thanks for putting more money in my pocket!
    16 Dec 2009, 02:20 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Bernanke translation, "GS told us they need to build their bonus reserves back up, so we're keeping the monetary flood gates open"
    16 Dec 2009, 02:22 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    I never been more disappointed in our elected and appointed leaders. If the public had the balls of our grandfathers, we wouldn't be fearing the big banks - they would fear us.
    16 Dec 2009, 02:26 PM Reply Like
  • reveigel@msn.com
    , contributor
    Comments (151) | Send Message
     
    We just get dumber and dumber.
    16 Dec 2009, 04:06 PM Reply Like
  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    The economy is so weak that leaving rates where they are is not only safe but as low as we can go and one thing is for certain, raising rates even a smig will throw cold water on this anemic recovery, confirmed by the touted good housing news that all segments were up but not by the amount expected, OOPs
    16 Dec 2009, 06:25 PM Reply Like
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