He announced that Fed policy will continue to be "accommodative," allowing the money supply to grow.
At some stage I felt we could have gone a bit further in terms of being accommodative.
Indeed, the new accommodative posture of the Federal Reserve enabled major banks last week to reduce their prime lending rate by a quarter of a percentage point, to 8.
Stock Futures Pare Declines Ahead of Economic Data Reports NEW YORK (TheStreet) - Stocks pared losses as investors awaited consumer confidence and industrial production numbers Friday, and positioned themselves for the Federal Reserve's policy announcement next Wednesday. "At the FOMC meeting next week, the Fed is expected to maintain its accommodative policy stance, with only slight upgrades to the economic assessment provided in the statement," noted ...
June 14, 2013 - TheStreet.com
Jean-Claude Trichet in FXstreet.com The Foreign Exchange Market The medium-term outlook for price stability remains subject to upside risks,Trichet said. "Given the positive economic environment in the euro area, our monetary policy is still on the accommodative side."
Ben Bernanke in Moneycontrol.com Although at present the US economy continues to require the support of highly accommodative monetary policies, at some point the Federal Reserve will need to tighten financial conditions,Bernanke said in remarks prepared for a hearing of the...