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FOMC Meeting Minutes outline; a new QE is indispensable as soon as possible…

Publish Date22/08/2012 06:40:05 PM

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FOMC Meeting Minutes outline; a new QE is indispensable as soon as possible…

Throughout the FOMC minutes meeting, participants have attested once again that the overall recovery tempo of the superpower remains slow and postponed as usual by the mixed labor conditions and unending high crucial jobless levels while that the demand remains enhanced and prices pressures remain subdued and accordingly this time most of the members agreed that a new QE is indispensable as soon as possible.

In fact the participants of the minutes meeting attested once again that the superpower`s economy is picking up "very gradually" and this time precisely they insisted strongly that a new QE is obligatory to boost the slow speed ratio of the current revival of the superpower since that its tempo was gradual and slowed down for too long this past period as a result of the local and global unending downside pressures.

Accordingly the FOMC members confirmed today that in the coming period "additional monetary policies" will be put in action since so far economical health is truly far from forecasts already set by the Federal Reserve and the unending debt crisis resigning on the EU soil continues on affecting the world`s leading economy trading conjuncture and overall economic conditions.

Plus many members attested that they had lowered their near-term forecasts for economic growth in light of the weaker-than-expected increases in consumer spending and employment in recent months and regarding the economic outlook of the country most agreed that economic growth will only pick up gradually

Now the country`s major economical obstruction; the labor market, continues on recovering at an unstable insufficient pace; a reason why the FOMC members affirmed that there are "unusually high" uncertainty and doubts regarding the employment scenario in the United States as well as growth of the superpower. 

As for the housing sector, the FOMC members are convinced and believe strongly that it is still far from a full healing yet they attested that recently several signs of improvement were detected throughout that sector and that it is enhancing to a certain extent despite of the mixed labor conditions of the country.



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