Daily Real Estate News | March 7, 2011 | Share
Fed to Maintain Stimulus Efforts
Experts expect the Federal Reserve to wait for more proof of a self-sustaining economic recovery before scaling back stimulus efforts.
Fed officials, meeting March 15, likely will keep short-term interest rates near zero and allow a $600 billion Treasury bond-purchase program to run until June as planned.
Fed Chair Ben Bernanke told lawmakers he is waiting for signs of sustainable recovery, an improved job market, and inflation closer to the central bank’s 2 percent goal before tightening monetary policy.
Source: “Fed Unlikely to Remove Its Economic Stimulus Just Yet,” The Wall Street Journal, Jon Hilsenrath (03/07/2011)
