×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Federal Reserve | Minutes | Rate | Policy

Fed Wrestled in October With Conveying Rate Policy

Wednesday, 20 November 2013 02:08 PM

The Federal Reserve wrestled at its October meeting with how to assure investors that even after it started to pull back on its economic stimulus, it still intends to keep its keep short-term rate near record lows.

The minutes of the Oct. 29-30 meeting showed that all but one Fed official believe it was appropriate to wait before taking the first step to reduce the $85 billion per month in bond purchases. But many wanted to better communicate to the public its plans for both slowing its bond purchases and keeping borrowing rates low to encourage spending.

Several participants believed the Fed should keep its short term rate low even after unemployment fell below 6.5 percent. And even after raising it, many felt the committee should keep it low.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Personal-Finance
The Federal Reserve wrestled at its October meeting with how to assure investors that even after it started to pull back on its economic stimulus, it still intends to keep its keep short-term rate near record lows.
Federal Reserve,Minutes,Rate,Policy
129
2013-08-20
Wednesday, 20 November 2013 02:08 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved