Alexa
  • Directory of Taiwan

A look at the Fed's Sept and November statements

A look at the Fed's Sept and November statements

A comparison of the Federal Reserve's statements from its meeting on Sept. 21 and the meeting that ended Wednesday.
TREASURY SECURITIES
September: The Fed said it would continue reinvesting the proceeds from its maturing holdings of mortgage-backed securities issued by Fannie Mae and Freddie Mac. The Fed said it was prepared "to provide additional accommodation if needed" to support the recovery and keep prices stable.
November: The Fed said it would purchase an additional $600 billion in Treasury securities by the end of June 2011. This new effort will be on top of a projected $250 billion to $350 billion in reinvestments of proceeds from its maturing securities.
RECOVERY SPEED
September: "The pace of recovery in output and employment has slowed in recent months."
November: "The pace of recovery in output and employment continues to be slow."
INFLATION
September: "Inflation is likely to remain subdued for some time before rising to levels the committee considers consistent with its mandate."
November: "Measures of underlying inflation have trended lower in recent quarters."
INTEREST RATES
September: Left federal funds rate target unchanged at a record low of zero to 0.25 percent, where it has been since December 2008, and repeated pledge to keep rates "exceptionally low" for "an extended period."
November: Left federal funds rate target unchanged and once again repeated pledge to keep rates "exceptionally low" for "an extended period."


Updated : 2021-05-08 12:38 GMT+08:00