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Fed Treads Water While Eyes June Policy Meeting
Fed officials signal possible action at the June 19-20 policy meeting as long term U.S. rates hover at record lows. Analysts say further rate cuts may provide little economy boost and political pressure could curb stimulus before the November election. Bernanke stressed caution while weighing May and May job data and the potential extension of Operation Twist to stimulate lending.
MENTIONED IN THIS ARTICLE
Fed
U.S
Bernanke
Barack Obama
Obama
Mitt Romney
John Ryding
Conrad DeQuadros
RDQ Economics
Europe
Paul Edelstein
IHS Global Insight
Edelstein