Fed Keeps ‘Considerable Time’ Pledge as Growth ‘Moderate’(Does 'Moderate' mean Non-existant?)
Sep 17, 2014 6:29 PM ET
The Federal Reserve stuck to its pledge to keep interest rates near zero for a “considerable time” FOR EVER AND EVER AND EVER after it stops buying assets, even as it VAGUELY outlined (WITH NO DETAILS) a strategy (Does 'strategy' mean bluff?) to exit from six years of unprecedented easing.
“The labor market has yet (WILL NEVER) to fully recover,” Fed Chair Janet Yellen said at a press conference today after a meeting of the Federal Open Market Committee in Washington. “There are still too many people who want jobs but can’t find them.”
Yellen added that “inflation has been running below the committee’s 2 percent objective,” a contrast to the panel’s July statement that it was “somewhat closer” to its goal.