Fed, Citing A Still-Struggling Economy, Will Keep Buying Bonds
By: Jim Zarroli and Audie Cornish
October 30, 2013
Federal Reserve policymakers wrapped up their two-day October meeting Wednesday by announcing that they will maintain the Fed's $85 billion per month bond purchase program. The central bank's statement said that conditions in the labor market have "improved" and inflation is modest. But, in explaining the decision to maintain the stimulus, the statement pointed to a slowing housing market and said that fiscal policy is "restraining economic growth."
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