WASHINGTON (AP) – April 28, 2011 – The economy and job creation have strengthened enough for the Federal Reserve to end its $600 billion Treasury bond-buying program in June as planned, the Fed signaled Wednesday.
Ending a two-day meeting, the Fed made no changes to the program. The decision was unanimous. The bond purchases were intended to lower loan rates, encouraging spending and boost stock prices. But critics worried that the purchases would feed inflation.
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Read the artile and you decide. Post your views here.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259288
Ending a two-day meeting, the Fed made no changes to the program. The decision was unanimous. The bond purchases were intended to lower loan rates, encouraging spending and boost stock prices. But critics worried that the purchases would feed inflation.
----------------------------------------------------------
Read the artile and you decide. Post your views here.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259288
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