KAKE | Wichita, Kansas | News

Reserve Holds Off Any New Action To Help Economy

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Wednesday, November 02, 2011

The Federal Reserve is holding off on any new actions to help the economy because stronger growth is giving it time to gauge the impact of steps it's already taken.

Fed policymakers made the announcement after a two-day meeting.

In a statement, the officials said the economy has strengthened and consumers have stepped up spending. But they said the economy
continues to face significant downside risks, including strain in global financial markets -- a reference to the crisis in Europe.

The Fed left open the possibility of taking further steps later to try to boost the sluggish economy.

The vote was 9-1. Charles Evans, the president of the Chicago Federal Reserve Bank, dissented because he wanted to take stronger action.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 133084778 - kake.com/a?a=133084778