Summary Box: Tax cut plan eases burden on Fed (AP)

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was a long time a coming. But the news doesn’t stop here. The writer shows two wonderful talents. Read the the whole sections to see what I mean. By: US Economy

WEIGHT LIFTED FROM FED: The tax-cut plan emerging in Congress is likely to ease pressure on Fed Chairman Ben Bernanke and his colleagues about their much-criticized $600 billion bond-buying program.

NO SILVER BULLET: Although the Fed program aims to bolster the economy, even supporters conceded the impact would be limited. Bernanke had called on Congress to help, saying the Fed can’t solve the economy’s problems on its own.

STAYING THE COURSE: The Fed at Tuesday’s meeting isn’t expected to make changes to the program. Economists predict the Fed will buy the full amount by the end of June.

The breaking news, Summary Box: Tax cut plan eases burden on Fed
extract from US Economy

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Posted by on Dec 16 2010. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
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