FOMC Statement: Expand QE3, Sets Thresholds of 6.5% Unemployment Rate, 2 1/2 Inflation via Calculated Risk

The thresholds are huge!

FOMC Statement:
Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent months, apart from weather-related disruptions. Although the unemployment rate has declined somewhat since the summer, it remains elevated. Household spending has continued to advance, and the housing sector has shown further signs of improvement, but growth in business fixed investment has slowed. Inflation has been running somewhat below the Committee’s longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices. Longer-term inflation expectations have remained stable.

Read more...Calculated Risk: FOMC Statement: Expand QE3, Sets Thresholds of 6.5% Unemployment Rate, 2 1/2 Inflation