Wednesday, June 24, 2009

Fed Statement Following June Meeting

By WSJ Staff The following is cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 full text of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Fed’s statement after cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 June meeting. Information received since cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Federal Open Market Committee met in April suggests that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 pace of economic contraction is slowing. Conditions in financial markets have generally improved in recent months. Household spending has shown furcá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r signs of stabilizing but remains constrained by ongoing job losses, lower housing wealth, and tight credit. Businesses are cutting back on fixed investment and staffing but appear to be making progress in bringing inventory stocks into better alignment with sales. Although economic activity is likely to remain weak for a time, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Committee continues to anticipate that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability. The prices of energy and ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r commodities have risen of late. However, substantial resource slack is likely to dampen cost pressures, and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Committee expects that inflation will remain subdued for some time. In cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se circumstances, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 target range for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 federal funds rate for an extended period. As previously announced, to provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Federal Reserve will purchase a total of up to $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt by cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 end of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 year. In addition, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Federal Reserve will buy up to $300 billion of Treasury securities by autumn. The Committee will continue to evaluate cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 timing and overall amounts of its purchases of securities in light of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 evolving economic outlook and conditions in financial markets. The Federal Reserve is monitoring cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 size and composition of its balance sheet and will make adjustments to its credit and liquidity programs as warranted. Voting for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Donald L. Kohn; Jeffrey M. Lacker; Dennis P. Lockhart; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.

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