Federal Reserve System (Fed) is likely to maintain the current course of monetary policy, despite fears of slow economic growth and high unemployment in the U.S. in 2010.

writes The Wall Street Journal, executives at the next Fed meeting, Federal Open Market Committee (FOMC) 26-27 January tacitly acknowledges that there is little that can be done to ensure a more rapid recovery of the U.S. economy. The Fed is likely to carry out his plan and complete the purchase of mortgage securities at the end of March, will turn the emergency loan program in February and will maintain interest rates at zero in the coming months.

High unemployment remains a major problem that must decide the Fed.

concern of regulators is also slow recovery of the housing market. It is assumed that it may stall after the March American Bank completes purchase of mortgage securities. How are the experts, after the termination of the program cost of mortgages will rise slightly, because the Fed will maintain the bonds and will not aggressively sell them.

As expected, the U.S. Central Bank will increase the discount rate faster than the rate of "overnight". Discount rate at which banks borrow through the discount window the Fed is traditionally higher than the rate overnight, at the moment the first is 0,5%, the second is in the range from zero to 0.25%. However, officials of the Federal Reserve are considering raising the discount rate is not as a signal to the general increase in the cost of borrowing in the U.S., but as a sign that the Bank of departure from the emergency support to banks.