MONEYWATCH
Fed support grows for economic stimulus
May 16, 2012
May 16, 2012
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CONTINUED...
from April 24-25 meeting
Fed policy remains on hold
The stock market barely reacted to the Fed minutes, which essentially confirmed investors' expectations for the Fed's future moves.
On Wednesday, the Fed also announced that for the rest of this year and next year all of its meetings will last for two days to allow more time for discussion. Until now, some policy meetings had lasted only one day.
The Fed also altered the schedule for releasing a quarterly update of its economic forecasts. That release will occur when the Fed meets in the third month of each quarter: March,
from April 24-25 meeting
Fed policy remains on hold
The stock market barely reacted to the Fed minutes, which essentially confirmed investors' expectations for the Fed's future moves.
On Wednesday, the Fed also announced that for the rest of this year and next year all of its meetings will last for two days to allow more time for discussion. Until now, some policy meetings had lasted only one day.
The Fed also altered the schedule for releasing a quarterly update of its economic forecasts. That release will occur when the Fed meets in the third month of each quarter: March,
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