Fed: Rates won’t go up anytime soon

The U.S. economy still isn’t healthy enough to grow at a consistently strong pace without the Federal Reserve’s help.
Associated Press
Jun 20, 2014

 

The U.S. economy still isn’t healthy enough to grow at a consistently strong pace without the Federal Reserve’s help.

That was the message Fed Chair Janet Yellen sent Wednesday at a news conference after the central bank ended a two-day policy meeting.

Yellen made clear that despite a steadily improving job market and signs of creeping inflation, the Fed sees no need to raise short-term interest rates from record lows anytime soon.

Her remarks followed a statement from the Fed that it would further slow the pace of its long-term bond purchases. The bond purchases have been intended to keep long-term loan rates low. But the Fed offered no clear signal about when it will start raising its benchmark short-term rate.

Most economists think a rate increase is at least a year away despite signs of rising inflation. At her news conference, Yellen downplayed inflation concerns.

Recent inflation figures are “noisy” she said.

Comments

Donegan

But But But Coaster, Dog and Obama said the recession is over and the economy is awesome? What's really happening is they are keeping the illusion up till after the election.

wasthere

Six years later and how many golf games, and it will still be Bush's fault thirty years from now according to the followers.

JudgeMeNot

Yep.

Fromthe419

The Fed is buying up all the debt they can trying to keep the bogus fiat system alive, when it is all said and done they will own everything. If they Fed wasn't buying our debt who would? There are no buyers of our debt, it is no longer a safe buy. It won't matter if you are a Dem or Rep, when the systems crashes unless you own your residence free and clear you will be slaves to the so called intellectual elite.

Fromthe419

QE at 65B to 85B per month, who pays this? Your children and grandchildren. As George Washington said at the signing of the Constitution, every generation must pay it's own bills, generational theft is immoral.