{"id":22171,"date":"2011-06-22T12:36:00","date_gmt":"2011-06-22T16:36:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=2ab2bf50b49ecaab2fca739a67678001"},"modified":"2011-06-22T12:36:00","modified_gmt":"2011-06-22T16:36:00","slug":"us-federal-reserve-holds-monetary-policy-settings-unchanged","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/22\/us-federal-reserve-holds-monetary-policy-settings-unchanged\/","title":{"rendered":"US Federal Reserve Holds Monetary Policy Settings Unchanged"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The\u00a0<a href=\"http:\/\/www.federalreserve.gov\/\"  style=\"text-decoration: none; color: rgb(55, 120, 205); \">US Federal Open Market Committee<\/a>\u00a0held the fed funds rate unchanged at 0 to 0.25 percent, and announced that it would finish the $600 billion asset purchase program or &quot;Quantitative Easing II&quot;.\u00a0 On quantitative easing the <a href=\"http:\/\/www.federalreserve.gov\/newsevents\/press\/monetary\/20110622a.htm\">statement<\/a> noted: &quot;The Committee will complete its purchases of $600 billion of longer-term Treasury securities by the end of this month and will maintain its existing policy of reinvesting principal payments from its securities holdings. \u00a0The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.&quot;<\/span><\/p>\n<div> <span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><br \/><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The Fed previously held the same <a href=\"http:\/\/www.centralbanknews.info\/2011\/04\/us-federal-reserve-fomc-holds-rate-at-0.html\">monetary policy settings<\/a> unchanged at its April meeting. \u00a0The US reported inflation of 3.6% in May, up from 3.2% in April, as high commodity prices caused a broader increase in prices. \u00a0Also kept in the statement was: &quot;The Committee continues to anticipate that economic conditions&#8211;including low rates of resource utilization and a subdued outlook for inflation over the medium run&#8211;are likely to warrant exceptionally low levels for the federal funds rate for an <b>extended period<\/b>.&quot;<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\"  style=\"text-decoration: none; color: rgb(55, 120, 205); \">www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-5615772768755526847?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0US Federal Open Market Committee\u00a0held the fed funds rate unchanged at 0 to 0.25 percent, and announced that it would finish the $600 billion asset purchase program or &quot;Quantitative Easing II&quot;.\u00a0 On quantitative easing the statement note&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22171","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22171"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22171\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}