The US Federal Reserve tonight took a cautious step towards pumping extra liquidity into the financial system through an operation described as a "light" version of quantitative easing in response to a slowdown in the pace of America's economic recovery.
Expressing anxiety about the darkening outlook, the Fed's open market committee warned that a recovery in the world's largest economy was likely to be "more modest in the near term" than had been anticipated: "The pace of recovery in output and employment has slowed in recent months."
You can read more about these "deflationary" measures here:
Federal Reserve resorts to 'QE lite' in face of slowing US recovery | Business | The Guardian
Expressing anxiety about the darkening outlook, the Fed's open market committee warned that a recovery in the world's largest economy was likely to be "more modest in the near term" than had been anticipated: "The pace of recovery in output and employment has slowed in recent months."
You can read more about these "deflationary" measures here:
Federal Reserve resorts to 'QE lite' in face of slowing US recovery | Business | The Guardian
