Fed Policy on Right Course, Economists Say
August 30th, 2010
Written by Frost Mortgage
Categories: Economy
The National Association for Business Economics’ semiannual survey shows that 60 percent of 242 members polled from July 30-Aug 10 believe the Federal Reserve’s monetary policy is “appropriate” for current economic conditions. At its Aug. 10 policy meeting, the central bank opted to keep benchmark overnight interest rates steady and pledged to keep them low for an extended period. Some 67 percent of respondents said the Fed’s decision to use cash from maturing mortgage bonds it holds to buy more government debt was helpful given the weakening economy.
ABC News (08/30/10)
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