Federal Reserve Will Continue $85 BILLION A Month Asset Purchasing Program

Fed Keeps Interest Rates Low, Continues Bond Buying Program (CNBC, May 1, 2013):

The Federal Reserve held fast to its ultra-accommodative monetary policy Wednesday, solidified by what board members described as an economy weakened by fiscal policy.

Interest rates will remain at historically low levels while the U.S. central bank will not alter its $85 billion a month asset purchasing program, the Fed’s Open Markets Committee decided at this week’s meeting.

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