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Fed says economy is healthier; takes no new steps
The Federal Reserve on Tuesday portrayed the U.S. economy as slightly healthier and held off on any new steps to boost growth.Hiring is picking up and consumers are spending more despite slower growth globally, the Fed said in its policy statement issued after its final meeting of the year.However, Fed officials cautioned that business investment has slowed and unemployment remains high. And they
The Federal Reserve on Tuesday portrayed the U.S. economy as slightly healthier and held off on any new steps to boost growth.Hiring is picking up and consumers are spending more despite slower growth globally, the Fed said in its policy statement issued after its final meeting of the year.However, Fed officials cautioned that business investment has slowed and unemployment remains high. And they
Fed says economy needs $600B bond-purchase program
The Federal Reserve said Wednesday that the economy isn't growing fast enough to lower unemployment and must press ahead with its $600 billion Treasury bond-purchase program.
The Federal Reserve said Wednesday that the economy isn't growing fast enough to lower unemployment and must press ahead with its $600 billion Treasury bond-purchase program.
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