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Post Info TOPIC: Fed to Keep Interest Rates Low

Born Again

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Posts: 2316
Date: Jan 27 14:28:15 2010
Fed to Keep Interest Rates Low

Looks like the Fed will keep interest rates at their record lows and stated that the trend will continue for an "extended period" until the economy shows more signs of recovery.

The housing market was not mentioned, however, the latest statistics show that housing is still hurting.  They did make an announcement that they will be ending a 1.25 trillion dollar program which was created to decrease mortgage rates, however, Fed Chairman Bernanke says  they are not against extending it if needed.


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