Bernanke Fed Blames Commodities And Japan For 'Soft Patch' |
| June 23, 2011 | June 2011 Bond Updates |
|
The Federal Open Market Committee (FOMC) of the Fed released its latest policy statement on Wednesday ahead of Chairman Ben Bernanke’s widely anticipated and expected press conference, scheduled for 2:15 PM eastern time. In its statement, FOMC members blamed Japan and high commodities for the current slowdown in the economic recovery, telling people those effects would prove to be transitory. QE2, as expected, will end with June. |
| View more at: http://blogs.forbes.com/afontevecchia/2011/06/22/fomc-statement-ahead-of-bernanke-says-nothing-new/ |
| Related News |
|