
Summary:
FED EXPECTS TO MAINTAIN `HIGHLY ACCOMMODATIVE' MONETARY POLICY
FED SEES `EXCEPTIONALLY LOW' RATES THROUGH AT LEAST LATE 2014
FED TO KEEP REINVESTING HOUSING DEBT INTO MORTGAGE SECURITIES
FED SAYS INFLATION `SUBDUED'
FED SAYS HOUSING `REMAINS DEPRESSED'
FED REITERATES `SIGNIFICANT DOWNSIDE RISKS'