Questions And Answers On The Fed's Latest Actions
Q. Why is it making this change at this time?
A. Most economists expected the Fed to adopt the new guidance next year. By moving now, it's possible that Fed Chairman Ben Bernanke is trying to get a jump on the "fiscal cliff," the package of tax increases and spending cuts that are scheduled to kick in next year. Unless the White House and Congress can reach a deal to replace the cliff, it could push the economy into recession. But in a news conference Wednesday Bernanke reiterated his view that the Fed's actions can't fully offset the impact of the cliff.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV