Experts say you should too
No surprise: the Fed left short term lending rates unchanged and it'll keep buying $85-billion worth of securities each month.
KTRH moneyman Pat Shinn is one expert who isn't surprised by the results of the Fed meeting.
"No big changes."
Shinn says the Fed will stay the course to battle inflation.
"We know they're not going to touch the short term lending rate. They're already told us they're going to keep that short term rate low until the unemployment rate drops down to around 6.5%."
Shinn says the Fed doesn't print new money for its "quantitative easing." It borrows that money.
