FBC MONEY With Melissa Francis April 30, 2014
Housing sector remains slow. Of the fiscal policy is restraining Economic Growth although the extent of restraint is diminishing. Inflation has been running below the committees longerrun objective but longer run Inflation Expectations have remained stable. The rest of the statement is almost identical to the statement in march. I will skip ahead. The fed cut bond purchases to 45 billion a month from 55 billion. It is maintaining the federal fund, shortterm federal funds Interest Rate at zero to quarter percent. Its Forward Guidance, qualitative Forward Guidance is the same as march. So i will...