The FOMC says interest rates will probably need to stay “exceptionally low,” at least through late 2014. But the individual members seem to feel differently
Continue reading here: The Fed’s Transparency Is Breeding Confusion
Ford and Chrysler enjoyed the best March in months. FOMC minutes out at 2 p.m.
Go here to see the original: Buyers Driving into Chrysler
NEW YORK (TheStreet) — The Federal Reserve downplayed the prospects for more quantitative easing in the minutes of its most recent policy meeting on Tuesday, sending stocks to their lows of the day.
The minutes from the March 13 meeting of the Federal Open Market Committee stated that it was “prepared to adjust the size and composition of its securities holdings as appropriate to promote a stronger economic recovery in a context of price stability.”
The FOMC went on to say that a “couple” of committee members would support additional stimulus if certain conditions came to pass, such as the economy’s recovery losing steam, or if inflation “seemed likely” to stay below 2% in the medium term.
Continued here: Fed Downplays Chances for QE3