Just wanted to share this article. I couldn't really sum it up so read on...
~~~~~~~~~~~~
The Federal Reserve just released its official statement from the board's monetary policy meeting held today. The central bank voted to keep the target range for its benchmark federal funds rate at 0 to 0.25 percent, and reiterated its commitment to purchase an additional $600 billion in long-term Treasury securities by June 2011.
Fed officials say economic recovery is continuing but at a rate that has been insufficient to bring down unemployment.
(developing story)
from DSNews.com by Carrie Bay
Comments(0)