Federal Reserve Keeps Interest Rate Unchanged
"Signs that weakness in demand is abating" are more prevalent, the Federal Open Market Committee stated. "With the forces restraining the economy starting to diminish, and with the long-term prospects for productivity growth remaining favorable … the outlook for economic recovery has become more promising."
The committee cautioned, "The degree of any strength in business capital and household spending, however, is still uncertain."
Publication date: 01/28/2002