Fed and Result

Cash is king.

http://www.marketwatch.com/story/fed-votes-8-2-to-stick-to-go-slow-plan-on-interest-rates-2014-09-17?link=MW_home_latest_news

The Federal Reserve stuck to its view that it will keep short-term interest rates near zero for a "considerable time" after the bank ends large-scale purchases of bonds meant to stimulate the U.S. economy. The Fed is on track to end its purchases altogether in late October after it announced on Wednesday that it would cut back the amount it buys to $15 billion a month. The vote was 8 to 2, with Dallas Fed President Richard Fisher and Philadelphia Fed President Charles Plosser dissenting. Fisher said rates will likely have to rise sooner than the Fed thinks and Plosser objected to the Fed keeping its "considerable time" language. The bank also announced it will alter the rules for reverse-repo purchases as part of a test on how to manipulate the short-term fed funds rate in the future.