Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on TwitterBe a Facebook FanTumble us!
 

Posted on August 12, 2009 | tags

 
 

Biz, U.S.: The Federal Reserve thinks the economy’s back on track

  • This is a vote of confidence that the credit markets and economic outlook has improved and will show even further improvement down the road.
  • Bank of Tokyo-Mitsubishi UFJ Ltd. CFO Christopher Rupkey • Discussing what the Federal Reserve’s decision to slow down the buying of U.S. Treasuries. This is very good news for the economy, and the economy responded accordingly, with stocks up today. They still plan to continue the $300 billion program, but with an end date of October instead of September. • source