Page 2 - Fed Statement News Today

And his own ideas of how the improve the deficit reductions moving forward and the president trying to take charge of this, and as we move into 2012, jonathan, this is going to dominate the discussion. >> you are absolutely right. nbcs kristen welker, thank you. lets get back to wall street and what the reaction to the fed seems to be among investors. we are going to bring in cnbcs brian sullivan. brian, thanks for being with us. >> sure. >> bring us up to date, what is going on? >> well, a re...

a meaningful handle on the deficits and the debt. now comes of course the federal reserve. we have ben bernanke here, which has used every tool in its box to keep credit flowing and interest rates low in the wake of the great recession. at 2:15 eastern, a little over an hour from now, the fed will tell us what if anything it plans to do in the wake of the downgrade, the debt snafu, the european debt snafu and the global stock freak-outs. in the meantime, i want to bring in richard ques...

Recovery the committee decided today to keep the target range for the federal funds rate at 0 to 1 quarter percent. that sent financial markets into turmoil. and take a look at the boards right now. all day, they have been in the green, but after the statement from the fed, they shifted into the red, and throughout the hour we will keep a close on the boards as the day is drawing to a close. but the big question is, is the fed, the move by the fed what is needed to start moving the economy in th...

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