Fed Retains $600 Billion Bond-Buying Plan to Boost Economy
Dec-14-2010---Federal Reserve officials kept their plan to expand record monetary stimulus, saying the economic expansion hasn’t been strong enough to reduce joblessness.
The Fed’s $600 billion of Treasury purchases are aimed at boosting a recovery that has been “disappointingly slow” and keeping prices stable “over time,” the Federal Open Market Committee said in a statement today in Washington. The central bank repeated its pledge to leave the benchmark interest rate low for an “extended period.”
Treasuries Decline, Stocks Gain After Fed's Statement, Retail-Sales Report
Fed policy on buying Treasury bonds stays on track
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