| Author | Message | ||
     Ashton Side Hero Username: Ashton Post Number: 9349 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
http://online.wsj.com/article/SB1000142405274870436930457563 2813817551480.html?mod=WSJ_hp_LEFTTopStories Today Federal Reserve officials downgraded their outlook for the U.S. economy, projecting that the jobless rate could exceed 8% for two more years and that it won't return to its former vitality for five years or more. "The downwardly revised projections indicate the Fed might keep interest rates low for several years and suggests it is likely to follow through on plans to buy $600 billion in Treasury securities in the months ahead. The Fed said it stands ready to buy more securities if the forecast doesn't improve or deteriorates." -WSJ |
