Comparison of Fed statements

A comparison of the Federal Reserve's statements from its meeting on Nov. 2-3 and the meeting that ended Tuesday.

TREASURY SECURITIES

November: The Fed said it would purchase an additional $600 billion in Treasury securities by the end of June 2011.

December: The Fed repeated its intention to purchase an additional $600 billion in Treasury securities by the end of June 2011.

RECOVERY SPEED

November: "The pace of recovery in output and employment continues to be slow."

December: "The economic recovery is continuing, though at a rate that has been insufficient to bring down unemployment."

INFLATION

November: "Longer-term inflation expectations have remained stable, but measures of underlying inflation have trended lower in recent quarters."

December: "Longer-term inflation expectations have remained stable, but measures of underlying inflation have continued to trend downward."

INTEREST RATES

November: Left the federal funds rate target unchanged at a record low of zero to 0.25 percent, where it has been since December 2008, and repeated pledge to keep rates "exceptionally low" for "an extended period."

December: Left the funds rate target unchanged at zero to 0.25 percent and repeated pledge to keep rates "exceptionally low" for "an extended period."