Thursday, May 2, 2013

FED blaming politicians for slow economical growth

The Federal Reserve cautioned political leaders their policies are holding back growth in the economy. Jess Naroff, chief economist at Naroff Economic Advisers observed the private economy is moving ahead, but government is putting roadblocks in the way. The FED continues to keep it interest rates at this low point until unemployment gets down to 6.5%. The FED is also buying $85 billion in Treasury and mortgage bonds to hold long term interest rates down and foster investment.

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