St Louis Finance: More Action By The Federal Reserve

Commercial Lending and Commercial Lenders 877-334-0210

St Louis Mortgage and Real Estate News –

St Louis Mortgage and Loan Audit News: Federal Reserve Takes Action
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction

877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending

In a speech in recently given in Boston, Federal Reserve Chairman Ben Bernanke said persistently high unemployment poses too great a threat to the economy, and that the central bank needs to weigh the risk of weak prices, rather than focus on its traditional concerns about inflation.

He suggested the battle against inflation has largely been won by the Federal Reserve.

"For the first time in many decades, [the Fed] had to take seriously the possibility that inflation can be too low as well as too high," he said.

The Fed can not take its usual step to spur spending by cutting its key lending rate, which has been near 0 percent since December 2008.

But Bernanke's comments set the stage for the Fed to announce plans to purchase additional assets at its next meeting which was a two-day meeting that concluded on November 3rd, 2010.

The Fed has purchased nearly $2 trillion in assets over the last two years in an effort to pump money into the economy.

But Bernanke acknowledged it is tough to know just yet whether the asset purchases are having a big impact on the economy.

"We have much less experience in judging the economic effects of this policy instrument, which makes it challenging to determine the appropriate quantity and pace of purchases," he said.

Bernanke also conceded there is a risk if investors start to worry too much about the Fed sparking inflation down the road, which could lead to higher bond yields and borrowing costs for businesses and consumers.

He continued: "Even if unjustified, such a reduction in confidence might lead to an undesired increase in inflation expectations."

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