Throughoutthe FOMC Meeting Minutes the Feds decided to keep the near-term interest rates unchanged between 0.00% and 0.25 %, as highly forecasted, where the Feds assessed that the country's economic recovery during this past period continuing at a moderate pace yet somewhat more slowly than expected, the Feds signaled housing activities are still deteriorated, as the housing sector continues to be depressed.

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 scheduled to run till the end of June.

The vote for the FOMC monetary policy action was unanimous, were the Feds signaled unemployment rates are still elevated with labor market conditions are rather hobbled and weaker than expected, while inflation rates has picked up over the past few months due to high energy and commodity prices.

The Feds aslo citied that Benchmark rate will stay at exceptionally at a low level for an extended period, where the Feds will continue monitoring economic conditions and economic developments to help ensurethe inflation and employment are at levels consistent with its mandate.