Fed sees rates near zero for extended period

[sixmile]

http://finance.yahoo.com/news/Fed-sees-rates-near-zero-for-rb-1230312711.html;_ylt=Aoqpz3E174ugAuOMgaG2BN67YWsA;_ylu=X3oDMTE1Nmp0ZmEzBHBvcwMyBHNlYwN0b3BTdG9yaWVzBHNsawNmZWRzZWVzcmF0ZXM-?x=0&sec=topStories&pos=main&asset=&ccode=

"The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even though it stuck to its commitment to keep borrowing costs near zero for "an extended period."

In a unanimous vote, the Fed's policy-setting Federal Open Market Committee decided to keep its benchmark federal funds rate unchanged in a range of zero to 0.25 percent, as expected.

It said the economy had "continued to pick up" since its last meeting in September, but expressed concern that the economy's recovery was likely to be sluggish."

[RUMMYisFROSTED]

1. -

[RUMMYisFROSTED]

2. It's not deflation because that would mean the printing presses have stopped.

[RUMMYisFROSTED]

3. Inflation.

[RUMMYisFROSTED]

4. Inflation with lies.

:think:

[csziggy]

5. Since financial institutions are paying near zero, why are credit cards rates through the roof?

This is the time to tie consumer credit rate ceilings to the prime rate - that would help out consumers, increase consumer spending and help the economy out a lot!

[sixmile]

6. Because the same gangsters who print the money

also lend the money, borrow the money, and make a nice living doing so.

[dixiegrrrrl]

7. The banks/CC companies get Free money and make 30% on it,

thanks to The Fed illegally allowing them to do it.
So by keeping interest rates at zero, we consumers cannot make any money thru savings, but the Big Boys
can have free money to speculate in the stock market.
And that is the truth.

[RUMMYisFROSTED]

8. It's the vigorish.

[taught_me_patience]

9. My savings account is yielding 1.2%

Thanks Bernanke... YOU PIECE OF SHIT.