Wednesday, April 29, 2009

April FOMC Statement

Press Release

Federal Reserve Press Release

Release Date: April 29, 2009

For immediate release

Information received since cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Federal Open Market Committee met in March indicates that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 economy has continued to contract, though cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 pace of contraction appears to be somewhat slower. Household spending has shown signs of stabilizing but remains constrained by ongoing job losses, lower housing wealth, and tight credit. Weak sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories, fixed investment, and staffing. Although cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 economic outlook has improved modestly since cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 March meeting, partly reflecting some easing of financial market conditions, economic activity is likely to remain weak for a time. Nonecá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365less, 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.

In light of increasing economic slack here and abroad, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Committee expects that inflation will remain subdued. Moreover, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stability in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 longer term.

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 anticipates 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 facilitating cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 extension of credit to households and businesses and supporting cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 functioning of financial markets through a range of liquidity programs. The Committee will continue to carefully monitor cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 size and composition of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Federal Reserve's balance sheet in light of financial and economic developments.

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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