{"id":33164,"date":"2012-06-21T15:30:02","date_gmt":"2012-06-21T15:30:02","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/the_federal_reserve_takes_modest_action_on_rates_as_their_economic_forecast\/"},"modified":"2012-06-21T15:30:02","modified_gmt":"2012-06-21T15:30:02","slug":"the_federal_reserve_takes_modest_action_on_rates_as_their_economic_forecast","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=33164","title":{"rendered":"The Federal Reserve Takes Modest Action on Rates as their Economic Forecast Dims"},"content":{"rendered":"<p>The Federal Reserve announced Wednesday a modest increase in its efforts to reduce borrowing costs for businesses and consumers by extending its existing \u201cOperation Twist\u201d\u009d asset-purchase program through the end of the year.<\/p>\n<p>The decision reflects growing concern that the economy once again is stumbling into the summer months after the false promise of a relatively strong winter. The Fed now expects the unemployment rate to fall no lower than 8 percent this year, and inflation to rise no higher than 1.7 percent, both signs of an ailing economy.<\/p>\n<p>Fed officials also have indicated a desire to insure against a pair of looming risks, that events in Europe will freeze global financial markets and that the political stalemate in Washington over fiscal policy will undermine the domestic recovery.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2012\/06\/21\/business\/economy\/fed-extends-program-to-lower-costs-of-borrowing.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve announced Wednesday a modest increase in its efforts to reduce borrowing costs for businesses and consumers by extending its existing \u201cOperation Twist\u201d\u009d asset-purchase program through the end of the year. The decision reflects growing concern that the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=33164\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,671,600,597,596,584],"tags":[],"class_list":["post-33164","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-federal-reserve","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33164"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33164\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}