March 16, 2010
Fed Decision Opens Door to Weaker Dollar
On Tuesday, the Federal Reserve left its benchmark interest rate unchanged and reiterated that interest rates would remain low for “an extended period.” In its statement, it also
mentioned that inflation remains subdued, and that the weak employment situation seems to have stabilized. While this may sound rosy, the Fed did express concerns about housing and employer
reluctance to increase payrolls.
The tone of the statement suggests that while the Fed seems to have a plan …