"extended period" may last a long time

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"extended period" may last a long time"extended period" may last a long time"Such forward guidance would not limit#x the committee'sWindow curtainability to commence monetary policy tightening promptly," they said.

Kansas City Fed President Thomas Hoenig again dissented on this count, favoring a more flexible commitment to keep rates low "for some time,google排名," according to the minutes, which did not elicit major market reaction.

In response to the worst financial crisis in generations, the Fed not only cut short term interest rates to near zero but also undertook a host of emergency measures aimed at reviving credit markets in the past three years.

Fed officials expressed concern about renewed weakness in housingWindow curtainmarkets and persistently high unemployment, saying the threat of a vicious cycle had not fully receded.

"Participants agreed that household spending going forward was likely to remain constrained by weak labor market conditions, lower housing wealth, tight credit, and modest income growth," the minutes said.

The release of the minutes came after the release last Friday of a U.S. government payrolls report that showed employers added 162,000 jobs in March, the fastest monthly job growth in three years. Still, the data was marked by a number of seasonal distortions, and the jobless rate remained stuck at 9.7 percent.

Separately on Tuesday, Minneapolis Fed President Narayana Kocherlakota said he would be surprised if the U.S. unemployment rate, managed to dip below 8.0 percent by the end of 2011.

Housing starts will likely remain low, possibly #xfor several years, he added, although the U.S. economy could recover even without aWindow curtainturnaround in the housing market.相关的主题文章：

"extended period" may last a long time

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