Fed Holds Rate Steady
Pledges to keep it there for an extended period.
The Associated Press
WFLS News
Date published: 11/4/2009
WASHINGTON (AP) - With the recession apparently over, the
Federal Reserve held a key interest rate at a record low and again
pledged to keep it there for an "extended period" to foster the
fragile economic recovery.
The Fed says economic activity has "continued to pick up" and
that the housing market also has grown stronger, a key ingredient
to a sustained recovery.
The Fed says it will trim its purchases of debt from Fannie Mae
and Freddie Mac to $175 billion, from $200 billion, because there
is limited availability of that debt.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Date published: 11/4/2009
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