Fwd: News Alert: With Growth Sluggish, Fed Keeps Buying Bonds

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Subject:	News Alert: With Growth Sluggish, Fed Keeps Buying Bonds
Date:	Tue, 14 Dec 2010 14:41:28 -0500
From:	NYTimes.com News Alert <nytdirect@nytimes.com>
Reply-To:	nytdirect@nytimes.com
To:	rhomp2002@EARTHLINK.NET

Breaking News Alert The New York Times Tue, December 14, 2010 -- 2:40 PM ET -----  With Growth Sluggish, Fed Keeps Buying Bonds  Calling the pace of economic recovery "insufficient to bring down unemployment," the Federal Reserve announced on Tuesday that it would move ahead with its plan to buy $600 billion in government securities through June and would keep its short-term interest rates near zero.  The central bank decided not to waver from its strategy despite heavy recent criticism and despite indications that market reaction to the tax compromise forged by the Obama administration and Republican lawmakers could hamper the Fed's goal of reducing long-term interest rates.  The Fed statement suggested that it remained preoccupied with the high jobless rate -- which ticked upward nationally to 9.8 percent this month -- and with employers' apprehensions about hiring. The Fed said it saw little threat of accelerating inflation.  Read More: http://www.nytimes.com/2010/12/15/business/economy/15fed.html?emc=na   About This E-Mail You received this message because you are signed up to receive breaking news alerts from NYTimes.com.  To unsubscribe, change your e-mail address or to sign up for daily headlines or other newsletters, go to: http://www.nytimes.com/email  NYTimes.com 620 Eighth Ave. New York, NY 10018  Copyright 2010 The New York Times Company