PARSING THE FED: Going Steady for the Summer

June 25, 2008

THE FED'S STATEMENTS reflect how the members of the central bank's Federal Open Market Committee perceive the economy. On June 25, the Fed, for the first meeting since the credit crisis began last summer, didn’t lower interest rates, signaling rising worries about inflation risks. The Fed's concerns were tempered by language indicating continued worries that the aftershocks of the credit crisis that triggered its rate cuts could weaken the economy further. Below are the differences between the June 25 statement and the April 30 statement.

Source : The Wall Street Journal

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