What’s the takeaway from Tuesday’s announcement from the Federal Reserve?
“They’re not in the way,” Cramer said during Stop Trading!, meaning the central bank is doing whatever it can to promote an economic recovery.
The Fed kept interest rates at their already low level of between zero and 0.25 percent, Reuters reported, promising again to keep them there for an extended period. Also, the Fed will reinvest principal payments from its mortgage bonds into long-term Treasurys “to help support the economic recovery in a context of price stability,” Reuters quoted from the Fed’s statement.
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