More on the FOMC: "Without further policy accommodation, economic growth might not be strong...

|By:, SA News Editor

More on the FOMC: "Without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions." In addition to QE3 and extending the low rate pledge, Operation Twist will continue through the end of the year. Together, the actions are expected to increase the Fed's holdings of longer-term paper by $85B/month through year's end.