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FOMC Leaves Federal Funds Rate Unchanged

In a March 16 press release, the FOMC said that it will maintain the target range for the federal funds rate at 0 to .25 percent. The committee continues to anticipate that "economic conditions, including low rates of resource utilization, subdued inflation trends and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period."

The committee said that, although the pace of economic recovery is likely to be moderate for a time, it anticipates a gradual return to higher levels of resource utilization in a context of price stability.

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Memphis Headlines

03/17 | Chairman Bernanke's Testimony Before Congress on the Federal Reserve's Role in Bank Supervision
03/12 | Blocker Joins St. Louis Fed’s Transportation Industry Council
03/04 | St. Louis Fed’s Bullard Discusses “The Fed at a Crossroads”
03/03 | Beige Book: Economic Activity Continues to Expand at Modest Pace

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From the President

March 4, 2010

The Fed at a Crossroads

Bullard Fallout from the financial turmoil of 2008 and 2009 has placed the Fed at a crossroads on three dimensions, St. Louis Fed President James Bullard said in remarks today at St. Cloud State University’s 48th annual Winter Institute.