The Fed signaled it plans to keep its benchmark short-term interest rate close to zero for at least another two years as it sharply downgraded its view of the U.S. economy. Former Dallas Fed V.P. Gerald O’Driscoll discusses with Kelly Evans, Evan Newmark, Paul Vigna & Justin Lahart discuss.
The Federal Reserve voted to hold interest rates at zero, and indicated it would keep rates there through the middle of 2013.
The European Central Bank signaled it would buy up Spanish and Italian bonds on a large scale. WSJ’s Francesco Guerrera and Simon Constable discuss what the move would mean for financial markets and the future of the euro zone.
On the heels of a big drop in the dow on Thursday, a better-than-expected jobs report greets traders Friday morning. The economy added 117,000 jobs in July. (Photo: Getty Images.)