Throughoutthe FOMC Meeting Minutes the Feds decided to keep the interest rates unchanged between 0.00% and 0.25 %, where the Feds assessed that the country's economic recovery during this past period was taking place at a moderate pace, however, the Feds signaled housing activities are still weak, as the housing sector continues to be depressed.

Furhtermore, the Feds aremaintaining its existing policy of reinvesting principal payments from its securities holdings and will complete the purchases of $600 billion of longer-term Treasury securities of QE2 as planned to run through June.

The vote for the FOMC monetary policy action was unanimous, were the Feds signaled unemployment rates are still elevated, however, the Fed signaled labor market conditions were improving, while inflation rates increased over the past few months due to high energy and commodity prices.

However, the Feds signaled that Benchmark rate will stay at exeptionally low level for an extended period, where the Feds will continue monitoring economic conditions and economic developments to help esnure the inflationis at levels consistent with its mandate.