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01:26PM (15 mins delay)
Nov 04, 2009 - 3:27 PM EST
Tim Iacono submits: Aside from a reduction in the purchase of GSE debt from $200 billion to $175 billion, there were no substantive changes to the Federal Reserve's policy statement today after the central bank concluded two days of deliberation.
Naturally, the "freakishly low" short-term lending rate of between 0.0 and 0.25 percent will be
maintained and, more importantly, the key phrase "for an extended period" was left intact.
Source: Seeking Alpha (Nov 04, 2009 - 3:27 PM EST)
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