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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: RetiredNow who wrote (260651)7/14/2010 2:14:46 PM
From: tejekRead Replies (1) of 306849
 
Fed saw no need in June to respond to slowdownExplore related topics

By Greg Robb

WASHINGTON (MarketWatch) -- Federal Reserve officials concluded at their June policy meeting that the pace of the recovery was likely to be slower than they had earlier hoped, but they saw no immediate need for more easing of monetary policy, according to a summary of their June 22-23 meeting released Wednesday. Officials agreed that it would be a good idea to study what steps "might become appropriate" if the economy took a sharp downturn. Fed officials did not appear overly alarmed about a slowdown. None of the 17 top Fed policymakers are forecasting a double-dip. Only a few cited some risk of deflation. The Fed's formal forecasts made slight downward revisions to growth and inflation in 2011 and 2012 and saw a slightly higher unemployment rate in 2011.
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