日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global Biz

Fed, worried about recovery, will buy US debt

(Agencies)
Updated: 2010-08-11 05:54
Large Medium Small

Fed, worried about recovery, will buy US debt
US Treasury Secretary Timothy Geithner (R) meets with Federal Reserve Board Chairman Ben Bernanke (3rd L) at the Treasury Department in Washington July 29, 2010. [Agencies]

WASHINGTON -- As recently as two months ago, the Federal Reserve sounded optimistic about the US economic recovery. Now the central bank is clearly more worried, and economists say there is not much more it can do to help.

The Fed said Tuesday that it would spend a relatively small amount of money -- about $10 billion a month, economists estimate -- buying government debt. The move is designed to drive interest rates on mortgages and corporate borrowing at least a little lower and help the economy grow faster.

In a statement after a one-day meeting, the Fed said the pace of the recovery "has slowed in recent months." After its last meeting in late June, the Fed was rosier, saying that the recovery was "proceeding" and the job market actually improving.

The decision to buy government debt, using proceeds from Fed investments in mortgage bonds, was a shift from earlier this year, when the Fed was laying out plans to roll back some of the measures it took during the financial crisis.

At that time, the Fed was also preparing a strategy to begin raising interest rates again, a step taken to keep a growing economy from overheating. Now, though, the Fed has decided to keep its benchmark interest rate near zero.

"I don't think they are going to raise interest rates until it is very clear that unemployment is moving definitively lower and that doesn't look likely until late 2011," said Mark Zandi, chief economist at Moody's Analytics.

Economists pointed out that buying $10 billion of government debt in a $14 trillion economy is a relatively small move, and they said they did not expect it to have a dramatic impact.

"The Fed talked loudly but carried a small stick," said Joel Naroff, president of Naroff Economic Advisors.

He said that while the financial system has the money to lend, banks are unwilling or unable to find suitable loans to make. Until they do, he said, "the recovery will be softer than anyone hoped for and there may be little the Fed can do about it."

   Previous Page 1 2 Next Page  

主站蜘蛛池模板: 欧美日韩国产一级片 | 婷婷在线综合 | 精品国产一区二区三区久久久蜜月 | 欧美日韩乱国产 | 成人免费在线观看网站 | 欧美日韩黄 | 亚洲美女毛片 | 久热香蕉视频 | 国产激情啪啪 | 欧美网站在线观看 | 欧美天堂在线 | 色一区二区 | 欧美色频| 午夜黄色小视频 | 国产美女网站视频 | 亚洲网站免费观看 | 日韩久久视频 | 91视频在线看 | 国产专区在线 | 美女一区二区视频 | 国产精品91在线观看 | 乳色吐息樱花 | 日韩一区二区在线观看视频 | 国产精品高潮呻吟久久av野狼 | 91精品国产色综合久久不卡98 | 国产一区二区精彩视频 | 色网入口 | 涩涩资源网 | 欧美一级片在线看 | 偷拍亚洲综合 | 成年人在线观看免费视频 | 国产免费黄色网址 | 制服.丝袜.亚洲.中文.综合懂色 | 欧美另类第一页 | 欧美成人一二三区 | 激情综合图区 | 国产毛片在线 | 午夜国产一区二区 | 日韩欧美高清视频 | 精品视频久久久 | 欧美日韩在线免费 |