Fed sees rates near zero for extended period
• ReutersThe U.S. Federal Reserve expressed growing confidence that an economic recovery was building, even though it stuck to its commitment to keep borrowing costs near zero for "an extended period."
The U.S. Federal Reserve expressed growing confidence that an economic recovery was building, even though it stuck to its commitment to keep borrowing costs near zero for "an extended period."

Beware the carry trade.....beware the carry trade.
Hell, I wish I could borrow a few billion bucks from the Fed at negative interest rates adjusted for inflation to buy up some much needed infrastructure for myself. I'm desperately short of infrastructure holdings at this point. Too bad it's all going to the off-shore banks.
Why wouldn't they? They give our money to their friends at zero percent interest so that their friends, in turn, can lend it back to us at six percent interest so that, effectively, we're paying interest on our own money. It's a sweet deal for Wall Street and the banksters, why in the world would they ever do anything to change that? Viva Geitner and the rest of Club Tel Aviv!