Jeannine Aversa: What the Fed said — and meant

Today at News & Observer, Jeannine Aversa writes:

“Members agreed that substantial additional purchases of longer-term assets eligible for open market operations would be appropriate. Such purchases would provide further monetary stimulus to help address the very weak economic outlook and reduce the risk that inflation could persist for a time below rates that best foster longer-term economic growth and price stability.”

Read the whole article

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