Weisberg Says Fed Decision to Hold `Positive’ for Stocks: Video
Posted on 16. Dec, 2009 by admin in Stock Market
Dec. 16 (Bloomberg) — Ted Weisberg, president of Seaport Securities Corp., talks with Bloomberg’s Suzanne O’Halloran about the impact Federal Reserve monetary policy may have on the stock market. Officials kept their benchmark overnight lending rate between banks in a range of zero to 0.25 percent, where it has been for a year. Policy makers restated that low interest rates are contingent on “low rates of resource utilization, subdued inflation trends, and stable inflation expectations.” (Source: Bloomberg)