Friday, November 4, 2011

The Fed fails to act in the interests of the economy

The Federal Reserve on Wednesday painted a picture of the economy more optimistic. As a result, no action was taken because stronger growth will allow you to calibrate the measures already taken.

The governors of the Fed made the announcement after a meeting of two days.

In a statement, the U.S. central bank officials said the economy has strengthened and that consumers have turned to open their wallets. However, they acknowledged that the economy continues to face significant risks, including the debt crisis and the risk of a recession in Europe.

The Fed left open the possibility of adopting new measures to try to resolve the flagging economy. However, gave no indication of the possible alternatives. Read more......

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