From the WSJ: U.S. Federal Reserve officials signaled
heightened worries over the economy on Wednesday, extended a program shifting
their holdings toward longer-term securities through the end of the year and
said they were "prepared to take further action" if needed.
The central bank stopped short, however, of immediately
taking the more aggressive step of launching a new bond-buying program to
bolster the U.S. economic recovery.
"The Committee is prepared to take further action as
appropriate to promote a stronger economic recovery and sustained improvement
in labor market conditions in a context of price stability," the Fed said
in its statement….
Read more at http://online.wsj.com/article/SB10001424052702304765304577478580861436906.html?mod=WSJ_hpp_LEFTTopStories
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