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The policy makers surprised them when they announced they would stick with their strategy of easy money. Chairman ben bernanke said the economy is growing at a moderate pace. He pointed to rises in Household Spending and business investment. He said the job market still lacks steam. In evaluating whether a modest reduction in the pace of asset purchases would be appropriate at this meeting, however, the committee concluded that the Economic Data do not yet provide sufficient confirmation of its baseline outlook to warrant such a reduction. Fed officials noted that an uncertain outlook on the debate over the u. S. Budget is holding back Economic Growth and prices for goods and services are below targets. The central bank will keep buying 85 billion worth of Treasury Bonds and Mortgage Backed securities every month. Bernanke said policy makers could start tapering bond purchases later this year if they can confirm more signs of sustained improvement. They said theyll keep the key Interes

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