What is a basic policy statement?

What is the Federal reserve policy statement released on March 13 by the chairman?

  • what is the main points of the statement? is this the right text of policy statement http://www.federalreserve.gov/newsevents/press/monetary/20120313a.htm if not , anyone can provide the source of the text?

  • Answer:

    The economic recovery will continue past 2012 and no change in interest rates.

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