Arab Today, arab today us fed to keep monetary policy to growth
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

US Fed to keep monetary policy to growth

Arab Today, arab today

Arab Today, arab today US Fed to keep monetary policy to growth

Washington - Xinhua

The U.S. Federal Reserve intended to continue with its ultra-loose monetary policy to bolster the nation\'s economic growth and reduce unemployment rate, Federal Reserve Chairman Ben Bernanke said on Thursday. The central bank\'s dual mandates of price stability and maximum employment were generally complementary, Bernanke said in his testimony before the Senate Banking Committee, adding that with the unemployment rate elevated and the inflation outlook subdued, the Fed held that sustaining a \"highly accommodative stance for monetary policy\" was consistent with promoting both objectives. He cited the prediction of members of the Federal Open Market Committee (FOMC), the Fed\'s monetary policy making body, that the U.S. economy would expand by 2.2 to 2.7 percent this year. Bernanke stressed that the U.S. central bank has decided to keep the exceptionally low levels of federal funds rate at least through late 2014 to boost economic recovery, an ultra-loose monetary stance taken by the Fed since December 2008. However, Bernanke admitted the limitations of monetary policy in reducing the high unemployment rate, saying that the maximum level of employment in an economy was largely determined by non- monetary factors that affected the structure and dynamics of the labor market.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us fed to keep monetary policy to growth Arab Today, arab today us fed to keep monetary policy to growth

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us fed to keep monetary policy to growth Arab Today, arab today us fed to keep monetary policy to growth

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday