While you were sleeping: Fed move disappoints

Wed, 20 Jun 2012

By Margreet Dietz June 21 (BusinessDesk) - Wall Street showed disappointment with the Federal Reserve’s limited help to bolster the tepid pace of growth in the world’s largest economy, even as Chairman Ben Bernanke promised policy makers were ready to do whatever needed. "We are prepared to do what is necessary. We are prepared to provide support for the economy," Bernanke said at a news conference following a two-day policy meeting. The central bank is boosting its so-called Operation Twist - selling short-term securities and buying long-te...

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