LoanCentral's Real Estate Lending Blog

March 24th, 2007 11:42 PM

Fed Chairman BernankeThe Federal Reserve met and voted to leave the key federal funds rate at 5.25 %.

This important rate has remained unchanged now since last June. (6th time in a row)

Bernanke states the reason is weaker economic performance and higher inflation pressures. As it has at previous meetings, the Fed said it was more worried about the risk of inflation than weak economic growth. But this time it dropped language that talked solely about the possibility that interest rates would be increased in the future.

 




Posted by George Charles #MB-70191 on March 24th, 2007 11:42 PMPost a Comment (0)

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