The Fed has not decided anything for overcoming recession

The Federal Reserve (or commonly abbreviated as the Fed) cannot decide how to tighten monetary policy, perhaps one of them by raising interest rates or asset sales. This was revealed by St. Louis Federal Reserve Bank President, James Bullard, when interviewed by Reuters. According to him, could also be the Fed raising interest rates and sell the asset simultaneously.

Although, the progress is a little bit slow, but the economic recovery remained on track. To that end, the decision-makers will hold a meeting to quickly find accurate and quick way to remove the U.S. economy from recession and conduct recovery treatment. “The question is Should you start with balance-sheet issues or Should you start with interest rates, and there’s definitely views on both sides of that,” James Bullard said.

While the Fed chairman, Ben Benarke, in a speech last year to raise interest rates is more pleased to be able to get out of recession. James Bullard was not involved this year as a member of team selector policy settings, for that James Bullard could not give more info. However, according to him, the Central Bank will stop for a moment to focus on a few meetings before deciding to run its current bond-buying program.

When asked about market expectations about interest rate hikes by the Fed, James Bullard stated is not possible now to conduct monetary tightening.

Short URL: http://www.usnews9.com/?p=6717

Posted by on Apr 13 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.
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