QE3 Announcement Ben Bernanke FOMC Meeting FOMC Rate Decision

QE3 Announcement Ben Bernanke FOMC Meeting FOMC Rate Decision Today‎ Live Today the FOMC Rate Decision was to leave key rates at low levels. Watch the live stock market knee jerk reaction!



FOMC Statement: September 21 vs August 9
Economy: Sept 21- economic growth so far this year has been considerably slower than the Committee had expected... Aug 9- economic growth remains slow.

Labor conditions downgraded: Sept 21- Recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated... Aug 9- Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up.

Remains the same- Inflation appears to have moderated since earlier in the year as prices of energy and some commodities have declined from their peaks. Longer-term inflation expectations have remained stable...

Uptick in Economic Outlook as it sees a recovery: Aug 9- The Committee now expects a somewhat slower pace of recovery over coming quarters than it did at the time of the previous meeting and anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate... Sept 21- The Committee continues to expect some pickup in the pace of recovery over coming quarters but anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate.

Adds in 'significant' to downside risk: Aug 9- Moreover, downside risks to the economic outlook have increased. ... Aug 9- Moreover, there are significant downside risks to the economic outlook, including strains in global financial markets....

Remains the same- The Committee also anticipates that inflation will settle, over coming quarters, at levels at or below those consistent with the Committee's dual mandate as the effects of past energy and other commodity price increases dissipate further. However, the Committee will continue to pay close attention to the evolution of inflation and inflation expectations. Remains the same- The Committee discussed the range of policy tools available to promote a stronger economic recovery in a context of price stability. It will continue to assess the economic outlook in light of incoming information and is prepared to employ its tools as appropriate....

Three dissenters remain which is surprising given that Kocherlakota had said that he would not dissent this time around.

1. By: StockMarketFunding
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4. Added :21-Sep-11
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