Wednesday, December 15, 2010

In plain English please...

The Federal Reserve's Federal Open Market Committee (FOMC) met today and decided to keep their target interest rate, the federal funds rate, between 0% and 0.25%. After every meeting, they issue a brief press release to explain their decision. Unless you study economics for a living though, they can be difficult to understand. NPR decided to translate the FOMC press release, line by line, into plain English.

Here is the link:
What The Fed Really Said

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