Minutes of the last meeting of the Federal Reserve reveal
that many board members see the need for additional monetary action “fairly
soon” to boost the pace of economic recovery., according to the Washington Post. The minutes also show that the
Fed staff and many of its board members expect inflation and interest rates to
remain low in 2014 as a result of slack in the economy.
“Many members judged that additional monetary accommodation
would likely be warranted fairly soon unless incoming information pointed to a
substantial and sustainable strengthening in the pace of the economic
recovery,” the minutes said….
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