The Fed Decision: Where is the Quantitative Easing?

Filed under: Money and Finance Today, Economic Data, Headline News, Federal Reserve, Recession, Financial Crisis

The Federal Reserve Open Market Committee (FOMC) issued its statement indicating again that interest rates will remain low for an extended period of time and that proceeds of Treasury securities will be continue to be re-invested into additional Treasury securities. There was no additional mention of quantitative easing. Thomas Hoenig again dissented against the FOMC statement.

Although the FOMC mentioned the economic improvement continuing, it indicated increasing concern with high unemployment and depressed housing. It also mentioned that "bank lending has continued to contract."

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