Fed sees improving economy reducing need for stimulus
Federal Reserve policy makers see the improving economy reducing the need for new stimulus even as they stick to a plan to hold the benchmark interest rate near zero.
Federal Reserve policy makers see the improving economy reducing the need for new stimulus even as they stick to a plan to hold the benchmark interest rate near zero at least through late 2014.
Fed officials called for additional stimulus only “if the economy lost momentum” or if inflation stays below their 2 per cent inflation target, according to minutes of their March 13th meeting released yesterday in Washington. That contrasts with their January meeting minutes,...
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