09 August 2011

Fed vows low rates for two more years

http://maxinewspress.com/wp-content/uploads/debt-ceiling.jpg

For a new recession to start, doesn't that mean that there would have To have been some sort of recovery first? The idea that the government is admitting that a second recession is a possibility only points to the fact that another Great Depression is much more likely. 


The Federal Reserve pledged Tuesday to hold interest rates near zero for two more years and said it was mulling the tools it has to boost a slowing economy. Meeting as worries grew of a new recession, the Fed's policy board said growth so far this year had been "considerably slower" than expected....

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