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WASHINGTON - The Federal Reserve Two Officials optimistic about the U.S. economy (U.S.) in the years 2013 can grow taller, driven by global economic growth is stronger. Therefore, the Fed will print money aggressively to reduce the high unemployment rate.
The Fed said last week it will buy back bonds amounting to USD 85 billion per month, and keep interest rates near zero until the unemployment rate fell to 6.5 percent. However, this policy applies during inflation is still below 2.5 percent.
Data showed U.S. unemployment edged up 0.1 percent to 7.9 percent in January, as well as the U.S. economy contracted slightly in the fourth 2012. The Federal Reserve President William Dudley and St. Louis Fed Chief James Bullard voted in favor of the U.S. central bank's policy.
"Statement they both are his first public comments," the policy makers at the Fed, as reported by Reuters on Sunday (03/02/2013).
"I think a lot of the uncertainty that occurs in the economy in 2012 is not going to happen this year," added Bullard.
According to him, such as the U.S. election uncertainty and the problem has been overcome fiscal cliff. Moreover, the situation of the European economy has begun to show improvement. "Chinese entrepreneurs are likely to have a better year, generally developing countries will have a better year," he explained.
U.S. lawmakers urged the federal government to maintain and add the federal debt until at least May 19, in order to prevent the country from default. The parliament also agreed to waive a potential tax increase in 2013, however agreed to raise taxes just on families who earn USD 450 thousand per year.
Source: Reuters
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