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US Central Bank Stays Course on Monetary Stimulusi
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September 19, 2013 12:24 AM
U.S. stock prices reached new highs Wednesday after the U.S. Federal Reserve said it would stay the course on efforts to stimulate the economy. And that rally could continue, despite the central bank's conclusion that the U.S. economic recovery still has a way to go before it becomes fully sustainable. As Mil Arcega reports, many economists were expecting the Fed to start scaling back its bond purchases this month as the economy recovers from the worst recession in decades.

US Central Bank Stays Course on Monetary Stimulus

Published September 18, 2013

U.S. stock prices reached new highs Wednesday after the U.S. Federal Reserve said it would stay the course on efforts to stimulate the economy. And that rally could continue, despite the central bank's conclusion that the U.S. economic recovery still has a way to go before it becomes fully sustainable. As Mil Arcega reports, many economists were expecting the Fed to start scaling back its bond purchases this month as the economy recovers from the worst recession in decades.