Fed minutes: steady as she goes

Filed under: Federal Reserve

The August meeting of the Federal Reserve revealed little in the way of "news."

The statement said that risks to the US economy had eased "considerably." Yet they decided to leave interest rates unchanged, saying that rates should remain low to bolster what is likely to be a modest recovery.

There was discussion as to whether or not to add adjustable rate mortgages for purchase under the Fed's current program. No decision, however, was reached.

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Fed minutes: steady as she goes originally appeared on BloggingStocks on Wed, 02 Sep 2009 18:00:00 EST. Please see our terms for use of feeds.

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