FOMC Announcement: No change in policy - MBS purchases will be maintained at $40B/month,...

|By:, SA News Editor
FOMC Announcement: No change in policy - MBS purchases will be maintained at $40B/month, Treasury purchases (Operation Twist) will be maintained at $45B/month, and rates are expected to stay near zero until mid-2015. The Richmond Fed's Jeff Lacker continues to dissent from FOMC policy.