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FED voices caution on economic recovery

06-24-2010 08:27 BJT

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The US Federal Reserve has struck a more cautious tone about the strength of America's economic recovery, indicating the risks of Europe's debt crisis.

The Fed wrapped up its two-day meeting Wednesday with a 9-to-1 decision to hold interest rates at record-low levels for an "extended period."

The move is intended to energize the rebound. The Fed hinted that the debt crisis in Europe raises a risk to the U.S. recovery.

It did not mention Europe by name, but referred to "developments abroad" when saying "financial conditions have become less supportive of economic growth."

The Fed, however expressed confidence that the recovery will stay intact despite threats from abroad and at home.


Editor:Zhang Pengfei |Source:

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