日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

Fed announces end to quantitative easing stimulus, keeps low rates

(Xinhua) Updated: 2014-10-30 11:00

WASHINGTON - The Federal Reserve said Wednesday that it decides to end the six-year pump-priming, as it sees the economy is improving on track from the worst financial crisis in decades. But it pledged to keep low interest rates in a longer run to nurture the hard-earn recovery.

The Fed's monetary policy committee announces the end to the third round of monthly asset purchase program, as it "continues to see sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment in a context of price stability," according to a statement after its two-day meeting.

The committee said it is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities to help maintain accommodative financial conditions.

To salvage the world's largest economy from the worst financial meltdown since the "Great Recession," the Fed has kicked off three rounds of quantitative easing (QE) stimulus since the end of 2008, injecting trillions of dollars of liquidity to boost the sagging economy.

"QE played a material role in helping to foster the recovery and expansion of the US economy in the past few years," David Stockton, the former Fed's chief economist, told Xinhua. It held down long-term interest rates, which in turn boosted consumer spending especially for houses, motor vehicles and durable goods, he noted.

He said QE also encouraged investors to move into riskier assets, such as stocks. "The increase in household wealth from higher stock prices and higher house prices no doubt encouraged greater consumer spending," he added.

The US economy expanded 4.6 percent in the second quarter, as consumer spending posted a strong increase after the chilly winter. Unemployment has fallen to 5.9 percent in September, and inflation keeps low.

With the economy improving, the Fed viewed the accommodative monetary policy still essential to nurture the hard-earn economic recovery.

"Even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run," the statement said.

Analysts anticipated that the Fed will raise the federal funds rate in the middle of 2015, or even later.

Fed announces end to quantitative easing stimulus, keeps low rates
Fed announces end to quantitative easing stimulus, keeps low rates
Rebalancing of the economy  Opportunities are still aplenty in the nation 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 精品国产中文字幕 | 欧美三级日本三级 | 国产精久久久久 | 久天堂| 伊人情人综合网 | av成人在线免费观看 | 激情一区 | 第一页在线 | 麻豆av免费 | 国产女人18水真多毛片18精品 | 在线色网站 | 亚洲国内精品 | 欧美一二区 | 天天干网 | 五月婷在线视频 | 天天爱天天干天天操 | 在线观看毛片网站 | 日韩精品手机在线 | 精品有码| 久久久免费 | 午夜激情影院 | 国产一区二区av | 99久久久久成人国产免费 | 国产精品毛片一区二区三区 | 精品久久久久久久久久久久久久久 | 福利久久久 | 亚洲视频免费 | 91精品久久久久久久久中文字幕 | 日韩第一色 | 手机免费av | 天堂中文字幕在线观看 | 香蕉网站在线 | 精品久久久久国产 | 影音先锋国产在线 | 国产精品国产三级国产在线观看 | 久久精品偷拍视频 | 日韩一区二区三区免费视频 | 91超碰人人| 亚洲欧洲色图 | 中文字幕日韩亚洲 | 国产亚洲一区二区三区 |