The Federal Reserve will use its first policy meeting of 2011 this week to revisit its economic projections. The statement that will be released on Wednesday will likely reflect a guarded optimism about the economy and keeping to the Federal Strategy- putting $600 billion into the baking system.
The Federal Reserve is also try to improve its communication and transparency by scheduling meetings with the Federal Open Market Committee.
Ben Bernanke stated this about the future of the economy, “increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold.”
The economy is expected to grow by up to 4 percent this year, above the 2.5 percent needed just to maintain the unemployment rate at its current level of 9.4 percent. Inemployment is expected to remain close to 8 percent
No comments:
Post a Comment