The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Late Afternoon

Hi52° Chance Showers

Tonight

Lo38° Showers Likely

Friday

Hi51° Showers Likely

Friday Night

Lo32° Slight Chc Showers

Saturday

Hi52° Sunny

Saturday Night

Lo27° Clear

Sunday

Hi48° Sunny

Sunday Night

Lo31° Mostly Cloudy

Monday

Hi47° Slight Chc Rain

Monday Night

Lo26° Slight Chc Snow

Fed’s stimulus decision sets off economic debate

Send to Kindle
Print This

WASHINGTON — The Federal Reserve’s decision to postpone any pullback in its economic stimulus immediately ignited a debate: Was the Fed right or wrong to delay the inevitable?

Investors had anticipated a small cut in the Fed’s $85 billion in monthly bond purchases, which are intended to keep long-term borrowing rates low to encourage spending. A pullback would have signaled that the Fed felt the economy had shown steady improvement.

View my options or Sign in