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Fed Holds Off for Now On Bond Buys

Wall Street Journal (01/20/12) Jon Hilsenrath

The U.S. Federal Reserve is taking a wait-and-see approach on the economy before deciding whether to kick off another round of bond purchases. Since the crisis began, the central bank has bought more than $2 trillion of securities as part of a campaign to stimulate investment, foster economic growth, and curb unemployment. It meets again Jan. 24-25, at which time officials are expected to unveil a new communications strategy featuring two main elements: their interest-rate projections and a statement explaining their objectives for inflation and new job creation.