Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Federal Reserve Leaves Rates Unchanged

Details

  • Description

    FBN's Rich Edson breaks down the FOMC statement on the economy.

  • Duration 3:20
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Look with a little luck on TG is doe policy -- is no policy change the basic respect the federal open Park City that -- Cuban jet.

But economic activity -- -- don't -- over the first half of the year.

But he decided to complete the entity you're its program.

That he average maturity -- -- hope the securities as it out if you would -- think it is it is policy.

Of reinvesting principal -- -- public debate to -- debt and agency mortgage backed securities -- agency mortgage backed securities.

People mostly -- a -- for patient on economic and to development it will provide additional accommodation as needed to provoke stronger economic recovery.

And distinctive -- in the labor market conditions in -- contact the price stability.

The committee decided -- keep target rate to broad federal funds rate at zero to a quarter percent currently anticipate.

The economic conditions or what that a warrant exceptionally low levels for the federal funds rate but -- -- to what he worked but he.

Information -- -- Federal Open Market Committee that -- you suggested that it out if decelerate so what over the -- that the year.

Wrote -- appointment has been slow in recent months that the unemployment rate remain celibate.

It is big investment that he would it would it.

Household spending is been right it somewhat slower pace than earlier in the year despite the earth there's not that the group's housing sector remain depressed inflation it.

Declines -- earlier this year mainly reflecting lower price of crude oil gasoline.

And longer term inflation expectations ever -- stable.

If it with its statutory ban it it it -- -- -- -- up -- one at a price stability.

The committee expects economic growth to remain moderate over coming quarters at at the pick up very gradually.

Consequently we -- that he anticipates that the appointment rate will decline all the -- -- level that it judges to -- -- -- -- -- its dual -- -- strains in global financial markets is -- to -- significant downside risk to economic outlook.

But he anticipate -- it over the medium run will run at or below the rate that it judges most consistent with its dual mandate.

Sporting stronger economic recovery to help ensure that inflation over time is that the great post if it included -- -- We -- expect -- a a highly accommodative stance for monetary policy.

In particular activity it's not -- -- target rates but the federal funds rate at durable quarter percent.

And currently anticipate economic conditions including low rates resource utilization -- a -- outlook for which over the -- -- front.

Are likely to warrant exceptionally low levels for the better response rate at -- -- -- 2.4 but he debate dotted.

Into -- its program to which spent average maturity of the told the security is about cute and is maintaining its existing policy of reinvesting principal payment.

Rob people think that -- -- yet.

An agency mortgage backed securities -- -- -- back here.

People mostly auditor -- advocate for patient on economic but it development and will provide issuable combination.

Beat it to a vote aged rocker at the top operate -- -- and prevent labor market to issue it a thought back up write the bill would get -- Geoffrey lacquer referred people fit the description of the period over which economic conditions are likely to warrant at a stable level of the that font.

The Treasury Department rejected -- that.

Load More