fmoc: Simple Explanation Of The Federal Reserve Statement (June 20, 2012) - 06/21/12 05:27 PM
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
For the fifth consecutive meeting, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, dissented in the 9-1 vote.
 
The Fed Funds Rate has been near zero percent since December 2008.
 
In its press release, the Federal Reserve noted that the U.S. economy has been "expanding moderately" this year. Beyond the next few quarters, the Fed expects growth to "pick up very gradually".
 
In addition, the … (0 comments)

fmoc: Feds Statement from the FOMC (Federal Open Market Committee) - 04/25/12 10:11 AM
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
For the fifth consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, dissented in the 9-1 vote.
The Fed Funds Rate has been near zero percent since December 2008. It is expected to remain near-zero through 2014, at least.
In its press release, the Federal Reserve noted that the U.S. economy has been "expanding moderately" since the FOMC's last meeting in March. Beyond the next few quarters, the … (0 comments)