The Fed Stays the Cautious Course

The Federal Reserve is beginning 2011 much the same way it left 2010—by staying very still. In its first meeting of the year, the Fed decided to leave interest rates where they are and to continue with its stimulus program (the $600 billion bond program known as QE2).

All 11 members of the Fed signed onto the statement, which noted a cautious attitude toward the economic recovery.

Outside of the Fed, the quote of the day may belong to Robert Brusca with FAO Economics, who told CNNMoney.com: "This is the same language…. The language of disappointment from the Fed."

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