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Federal Reserve: Economic Growth Slower Than Expected

November 2, 2011 by  

Federal Reserve: Economic Growth Slower Than Expected

The Federal Reserve Open Market Committee predicts the economy will grow just 1.6 to 1.7 percent in 2011 and estimates growth to be between 2.5 and 2.9 percent in 2012. Both estimates are lower than expected growth numbers released by the Fed over the summer.

The central bank expects unemployment of between 8.5 and 8.7 percent next year, not the drop in unemployment it had previously expected.

“Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee continues to expect a moderate pace of economic growth over coming quarters and consequently anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate.” The Fed said in a release.

While the most recent information indicates that no immediate action will take place on the part of the Fed to stimulate markets, the option remains on the table in the form of stimulus and lowering interest rates.

Fed Chairman Ben Bernanke said that he is dissatisfied with the slow economic growth and that criticism from Republicans, charging that further Fed action will send inflation soaring, was unsubstantiated, according to The Associated Press.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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  • Bruce

    Can anyone say GOLDMAN SACHS?

    Can anyone say what Fed CHIEF has not worked for GOLDMAN SACHS?

    How about this can anyone tell me who own’s GOLDMAN SACHS?

    Can anyone say, the ROTHSCHILDS?

    Now can anyone say WHO GIVES POLITICIANS BOAT LOADS OF MONEY, GOLDMAN SACHS?

    Now the twist, WHO are the ROTHSCHILDS, Americans?
    Or Are they FRENCH, ENGLISH or what?

    Now who was Adolf Hitlers father, Oh my a ROTHSCHILD?

    Can anyone say who gave FDR $$$$$ for is giving away the American people as “Human Chattel?”

    Can anyone say the “Bank Of London,” and who owns that bank? Can you say the ROTHSCHILDS?

    How about that? WOW!

    Now that you know some of the problems roots, the rest is the 14th Amendment that made all of us – “VOLLINTARY Slaves,”

    But hey your FREE or at least in your minds, after all we all have been fed a steady diet of “PSYOP’S” for what now 100 years, and who did that to US? Can you say the Corporation of DC? Just for you that are really slow, and I know that most of you, well thats what you call the “Federal Government.” Just as your DOJ head as well as all Attorney Generals all work for the Bank of London. WOW!

    Now be good little slaves and get butts busy and eat your peas then get to the back to the bus where your told to sit.
    JUST Shut up and do what your told.

    Are you mad as hell yet?

    No, I bet you still love your little Mitie or Rickie or Michie, Or even Cainie even Barry, how strange that they are all owned lock stock and hair by who is that again? “GOLDMAN SACH’S”

    What will it take to really wake you up? And Please just stop already with the old standard song and dance of utter ignorance
    “It can’t happen here.”

    News Flash — Its happened and its nearly over now.

    Keep in mind that the POPE has called for a “ONE WORLD GOVERNMENT”, One WORLD BANK, and thats just the deal, but hey I bet most of you still think the Roman Empire is dead too.

    If so you had better start rethinking your thinking, start at the POLITICAL PARTY called the “COUNCIL of NICEA around 350 AD,” and their good friend “POPE Constantine.”

    Good luck,

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