Surf Taiwan News, Browse the World »
Comparing US Fed's views on rates, bond purchases
A look at how the Fed's views have changed on the economy, bond purchases
By The Associated Press
Associated Press
2014-01-30 06:01 AM

A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting Dec. 17-18:


January: Fed policymakers "decided to make a further measured reduction in the pace of its asset purchases," to $65 billion a month.

December: Fed policymakers announced the first cut to their $85 billion monthly bond purchase program, to $75 billion: "In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions, (policymakers) decided to modestly reduce the pace of its asset purchases."


Now: The Fed has upgraded its assessment a bit: "Growth in economic activity picked up in recent quarters. ...Household spending and business fixed investment advanced more quickly in recent months."

Then: "Economic activity is expanding at a moderate pace. ...Household spending and business fixed investment advanced."


Now: Regarding hiring, the Fed is less positive than a month ago: "Labor market indicators were mixed but on balance showed further improvement."

Then: "Labor market conditions have shown further improvement."


Now: Fed policymakers are more confident that the impact of spending cuts and tax increases is easing: "Fiscal policy is restraining economic growth, although the extent of restraint is diminishing."

Then: "Fiscal policy is restraining economic growth, although the extent of restraint may be diminishing."

Advertisement »
HOME |  WORLD |  Politics |  Business |  Sports |  Lifestyle |  TAIWAN |  Technology |  Health |  SUPPLEMENT |  Society |  OPINION
  • Taiwan News  ©  2014 All Rights Reserved.