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The Fed intends the measure to help stimulate the economy.
The Fed intends to hold short-term interest rates near zero through 2014, and has been investing in government debt to further reduce long-term interest rates.
Other options include signaling that the Fed intends to keep rates low for even longer than markets already expect, or lowering the interest paid on reserves that banks hold at the Fed — a step that could encourage banks to lend more.
The minutes make clear that the Fed intends to continue this huge stimulus campaign for years to come.
The only thing that was clear is that the Fed intends to keep Wall Street — and the rest of the world — guessing.
The forecast could reduce borrowing costs for businesses and consumers by convincing investors that the Fed intends to keep rates near zero for longer than expected.
Similar(43)
The Administration intends to persist.
The family intends to appeal.
"The state fully intends to process reimbursement payments, subject to approval by feds," said Matt Wing, a spokesman for Gov. Andrew M. Cuomo.
ALBERT EINSTEIN, holder of the fed.
QUESTION FROM RUBY: Who "owns" the fed?
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