Fed lowers GDP forecast, holds policy steady

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Reuters
November 2, 2011

The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe’s debt crisis posed big downside risks to the U.S. economy.

However, it took note of a strengthening of the U.S. economy in the third quarter and held monetary policy steady.

[...]

“Economic growth strengthened somewhat in the third quarter,” the central bank said in a post-meeting statement. “Nonetheless, recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated.”

Read full article

This article was posted: Wednesday, November 2, 2011 at 12:52 pm





Infowars.com Videos:

Comment on this article

Comments are closed.


Watch the News

FEATURED VIDEOS
An Inch of Tyranny Gained, An Inch of Freedom Lost See the rest on the Alex Jones YouTube channel.

Michael Moore: Worship Your Govt! See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.