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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (573232)	6/23/2010 2:19:31 PM
From: tejek	of 1577192

I just realized.....Hoenig must be a devout winger. Fed stands pat on rates, downgrades outlook By Greg Robb WASHINGTON (MarketWatch) -- The Federal Reserve on Wednesday left its target for the federal funds rate at a range of zero to 0.25% and maintained its pledge to keep rates at this historic low level for an "extended period" to support the recovery. In a statement after their two-day meeting, the Fed downgraded the outlook. They said financial conditions "have become less supportive of economic growth" largely as a result of the European debt crisis. There was one dissent from the policy statement by Thomas Hoenig, the president of the Kansas City Federal Reserve Bank. Hoenig has dissented from every statement this year.

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