WASHINGTON, Mar. 16 Federal Open Market Committee (FOMC) of the U.S. Federal Reserve (Fed) decided to keep interest rates at a target range of between 0% and 0.25%, which remain changes since December 2008 and has re-emphasized that it will keep interest rates exceptionally low levels during a "prolonged period" of time due to economic conditions.
Similarly, the institute has ratified the terms of the bond buyback program totaling $ 600,000 million (430,000 million euros) by the end of the second quarter of 2011, which launched in November. The Fed notes that, according to information received since the January meeting, the economic recovery is "in a stronger position," and that the general conditions in the labor market appear to be improving gradually.
In this vein, the Fed emphasized that the household spending and business investment in equipment and software continued to rise, but warns that investment in nonresidential structures is still "weak" and that the real estate sector remains under pressure. It notes that the prices of commodities have increased "significantly" since the summer and concerns about global oil supply have contributed to a sharp escalation in oil prices in recent weeks.
However, remarks that inflation expectations in the long term remain "stable" and core inflation is contained. Federal Reserve notes that, according to its statutory mandate, the Committee seeks to promote maximum employment and price stability. In this regard, stresses that the current unemployment rate remains "high", while core inflation indicators remain "relatively low" in relation to the levels that the Committee is consistent in the long term.
"Recent increases in energy prices and other commodities are now pushing up inflation. The Committee expects that these effects are transient, but pay attention to the evolution of inflation and expectations. The Committee is anticipating a return gradually higher levels of resource use in a context of price stability, "he insists.
KEEP THE BOND PURCHASE PROGRAM. On the other hand, emphasizes that the Fed has decided to continue expanding its portfolio, as announced after the meeting of November to promote "a greater pace of economic recovery" and help secure that inflation, over time , stay in line with its mandate.
In this sense, the institution has ratified the terms of the bond buyback program totaling $ 600,000 million (430,000 million euros) by the end of the second quarter of 2011 which launched in November 2010. The Federal Reserve influences that reviewed "regularly" the pace of buying bonds, which will be approximately U.S.
$ 75,000 million (53,700 million euros) a month and the total program size based on the information to be emerging and adjust the program as necessary to promote the best possible "maximum possible employment and price stability." Regarding interest rates, which remain unchanged since December 2008, the Fed again emphasized that remain at exceptionally low levels during a "prolonged period" of time due to economic conditions.
The message returns to once again move the institution headed by Ben Bernanke contrasts with the launch by the European Central Bank President Jean Claude Trichet after the last meeting of the Governing Council of the European institution, which recognized that a April rate hike is possible.
" 
Similarly, the institute has ratified the terms of the bond buyback program totaling $ 600,000 million (430,000 million euros) by the end of the second quarter of 2011, which launched in November. The Fed notes that, according to information received since the January meeting, the economic recovery is "in a stronger position," and that the general conditions in the labor market appear to be improving gradually.
In this vein, the Fed emphasized that the household spending and business investment in equipment and software continued to rise, but warns that investment in nonresidential structures is still "weak" and that the real estate sector remains under pressure. It notes that the prices of commodities have increased "significantly" since the summer and concerns about global oil supply have contributed to a sharp escalation in oil prices in recent weeks.
However, remarks that inflation expectations in the long term remain "stable" and core inflation is contained. Federal Reserve notes that, according to its statutory mandate, the Committee seeks to promote maximum employment and price stability. In this regard, stresses that the current unemployment rate remains "high", while core inflation indicators remain "relatively low" in relation to the levels that the Committee is consistent in the long term.
"Recent increases in energy prices and other commodities are now pushing up inflation. The Committee expects that these effects are transient, but pay attention to the evolution of inflation and expectations. The Committee is anticipating a return gradually higher levels of resource use in a context of price stability, "he insists.
KEEP THE BOND PURCHASE PROGRAM. On the other hand, emphasizes that the Fed has decided to continue expanding its portfolio, as announced after the meeting of November to promote "a greater pace of economic recovery" and help secure that inflation, over time , stay in line with its mandate.
In this sense, the institution has ratified the terms of the bond buyback program totaling $ 600,000 million (430,000 million euros) by the end of the second quarter of 2011 which launched in November 2010. The Federal Reserve influences that reviewed "regularly" the pace of buying bonds, which will be approximately U.S.
$ 75,000 million (53,700 million euros) a month and the total program size based on the information to be emerging and adjust the program as necessary to promote the best possible "maximum possible employment and price stability." Regarding interest rates, which remain unchanged since December 2008, the Fed again emphasized that remain at exceptionally low levels during a "prolonged period" of time due to economic conditions.
The message returns to once again move the institution headed by Ben Bernanke contrasts with the launch by the European Central Bank President Jean Claude Trichet after the last meeting of the Governing Council of the European institution, which recognized that a April rate hike is possible.
"
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