WASHINGTON, Dec. 14 (Xinhua) -- The U.S. Federal Reserve announced on Tuesday it would maintain the pace of its 600-billion- dollar Treasury bond-buying program in order to strengthen the economic recovery and tackle the high unemployment challenge.
' S+ |7 U! u! O' }( E "The economic recovery is continuing, though at a rate that has been insufficient to bring down unemployment," the central bank said in a statement after a policymaking panel meeting.
. I7 S/ n* }/ ~' k The Federal Open Market Committee (FOMC), the interest rate policy making body of the central bank, said that it will " continue expanding its holdings of securities as announced in November."9 M6 c5 L3 \% B6 P1 J: ~
The Fed also decided to maintain the target range for the federal funds rate at the historically low level of zero to 0.25 percent to boost the economic recovery.
0 E7 t& o7 Z0 _' T$ Z On Nov. 3, the Fed announced its plan to buy 600 billion dollars of government longer term bonds to foster maximum employment and price stability.
5 a3 x2 \6 l" n, v3 |4 p2 E Related:
/ [5 m* m7 D6 E$ O6 b U.S. Fed to buy 600 billion dollars government bonds
9 Q7 _2 F0 _# w4 `% D9 K0 D WASHINGTON, Nov. 3 (Xinhua) -- U.S. Federal Reserve announced Wednesday it will buy 600 billion dollars more in Treasury bonds, in a move known as the "Quantitative Easing" (QE2) monetary policy to boost the sluggish economic growth.6 Y( n( s5 _5 f) j4 t p
"The pace of recovery in output and employment continues to be slow," the Fed said in a statement after the policymaking panel meeting. Full story- v+ ~* h/ y2 z
Bernanke defends Fed's dramatic easing monetary policy
* h2 ^) n9 R& @5 Y8 T7 A WASHINGTON, Nov. 4 (Xinhua) -- The U.S. Federal Reserve's new round of buying government longer-term bonds was to support the recovery and sustain price stability, Fed Chairman Ben Bernanke said Thursday.
4 a0 @. b6 z1 C7 L) v7 B With economic growth at only 2 percent and unemployment hovering near double digits, "we hardly will be satisfied," Bernanke said in an article published by the Washington Post |