May 21
FOMC Minutes April 28-29, 2009
Signs of stabilization in economic and financial activity Risks of deflation have diminished Interest rates are expected to remain unchanged The FOMC agreed that the near-term economic outlook has improved, but there are still “significant downside risks.†In addition, financial market conditions have strengthened but the system remains vulnerable to shocks and credit markets are still weak. Staff revised up its forecasts for 2H09 and 2010 after revising them down in March in response to
