Fed Maintains Easy Money
Fed Maintains Easy Money (Reuters)
In its meeting today, the U.S. Federal Reserve decided to maintain its current $85 billion-per-month bond purchasing, citing the slowing economy as a major factor in continuing the easy-money policy. “Available data suggest that household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months,” the policy-setting Federal Open Market Committee said. “Fiscal policy is restraining economic growth.” The announcement matched the expectations of many followers of the U.S. economy.