Fed Notes Better Economy, Takes No Policy ACction

By: AP
By: AP
A burst of hiring has improved the Fed

AP

WASHINGTON (AP) -- The Federal Reserve offered a more positive view of the economy after a burst of hiring since its last meeting. It held off taking further steps to boost the recovery.

The Fed noted in a statement after its one-day meeting Wednesday that the unemployment rate has declined notably and should continue to fall. It also said strains in the global financial markets have eased, though it warned they continue to pose a threat.

Further hiring gains could put pressure on policymakers to rethink a plan to keep short-term interest rates near zero until at least late 2014.

Still, the Fed stuck with that timeframe in the statement. It said that while prices of crude oil and gasoline will push up inflation temporarily, longer-term inflation should remain stable.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 142501305 - kktv.com/a?a=142501305
Gray Television, Inc.