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Bloomberg:
The Federal Reserve repeated its pledge to keep interest rates “exceptionally low” for “an extended period” and said the economy is strengthening.
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WASHINGTON (MarketWatch) -- The recent run-up in gold and oil prices is not inflationary, said James Bullard, the president of St. Louis Federal Reserve Bank of St. Louis, in a CNBC television interview Wednesday. Bullard said the Fed generally would not like to start tightening monetary policy until the unemployment [...]
In order to combat the global credit freeze, the Federal Reserve has injected massive supplies of money into the system. The monetary base soared from USD $873.824billion in September 2008 to USD $2,011.15billion in November 2009. Many are worried that this unprecedented expansion of the money supply will [...]
