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Showing posts with label Fed Reserve approachescrossroads as growth slows. Show all posts
Showing posts with label Fed Reserve approachescrossroads as growth slows. Show all posts

Fed Reserve approaches crossroads as growth slows

It's decision time for the Federal Reserve. 

The central bank's top policy panel will convene in Washington on Tuesday and Wednesday to decide if the recovery can make-do with less Fed help.

Concretely, the seven men and three women who vote on the Fed's rate-setting panel will have to choose whether or not to extend a $600 billion stimulus plan that is scheduled to end in June.

Until recently the choice had appeared pretty straightforward. Growth was picking up nicely and the recovery was, in the Fed's own words, "on a firmer footing."

But amid higher oil prices and government spending cuts, the economy now

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