Fed Stays the Course, But With a Few Tweaks

Get a Real-Time Quote   Wednesday, Jun. 24, 2009    The insight you need to navigate through today's FED decision   Fed Stays the Course, But With a Few Tweaks Steve Liesman, CNBC Senior Economics Reporter There were some minor tweaks to the Federal Reserve's statement today, but otherwise the major thrust of the Fed's extraordinary policy to combat the financial crisis remains in place: keeping interest rates "exceptionally low .... for an extended period" and continuing massive purchases of treasuries and mortgage-backed securities. Among the notable tweaks, the Fed appeared to dial back on its concerns over deflation. It removed from its statement the line from April where it worried that there was "some risk that inflation could persist for a time below rates that best foster economic growth and price stability." That was code for deflation concerns. » Continued CNBC Fed Highlights Fed Stays the Course A market reaction to the Fed's decision to keep funds unchanged, with William Gross, Pimco; Ken Volpert, Vanguard Funds; and CNBC's Steve Liesman, Rick Santelli, and Hampton Pearson. » Play video Economist: Fed Must Address Inflation Markets will react badly if the Fed doesn't address concerns about inflation, says Martin Regalia, chief economist at the U.S. Chamber of Commerce. » Play video Fed & the Markets Insight on how the Fed's decision will impact the markets, with Jan Hatzius, Goldman Sachs and Bob McTeer, former Dallas Reserve president. » Play video Keys To The Fed The Fed Didn't Cause Stocks to Sink The Fed was slightly more positive on the economy, noting that "conditions in financial markets have generally improved in recent months" and that "the pace of economic contraction is slowing.... » Read More Text: FOMC Statement Read the statement released by the Federal Open Market Committee after its June. 23-24 meeting on interest rate policy... » Read More Fed Keeps Rates On Hold, Citing the Weak US Economy The Federal Reserve on Wednesday held monetary policy steady and said the U.S. economic recession was easing, as it signaled its worries over a possible troubling downward spiral in prices were fading. The Federal Reserve headquarters in Washington, DC.... » Read More Dow Ends Lower After Fed Statement Stock gains eroded Wednesday after the Fed said it expected to keep interest rates exceptionally low for an extended period.... » Read More Advertise With Us | Visit Our Member Center | Unsubscribe FIRST IN BUSINESS WORLDWIDE. © 2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632