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Fed signals it will take further steps if needed

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The Federal Reserve offered a dim view of the economy Tuesday and signaled it’s prepared to provide new relief if necessary. At the end of its meeting, the Fed held off on taking any new steps to rejuvenate the economy and drive down unemployment. Instead, the Fed is prepared to see if the economy can… Continue Reading Fed signals it will take further steps if needed

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Fed to ponder whether bolder action needed

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Federal Reserve policymakers are wrestling with what additional steps – if any – should be taken to strengthen the plodding economy and drive down near double-digit unemployment. Lots of lively debate is expected at Tuesday’s meeting. But few expect any major programs to be unveiled. Instead, many will be looking to see if the Fed… Continue Reading Fed to ponder whether bolder action needed

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Wrapping up a one-day meeting, the Fed said it will use the proceeds from its investments in mortgage bonds to buy government debt. That should help lower interest rates on mortgages and corporate debt, but it won’t likely have a dramatic impact on stimulating growth, economists say. Delivering a more downbeat assessment of the recovery,… Continue Reading Worried about recovery, Fed takes small steps

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Wall Street closely watching Fed’s next move

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Federal Reserve policymakers are pondering ways to jump-start the economic recovery. The trick: making sure whatever they do or say doesn’t rattle Wall Street. Early Tuesday, stock futures retreated, following overseas markets lower after China’s economy showed some signs of slowing down. The market is certain to react to the Fed’s statement later in the… Continue Reading Wall Street closely watching Fed’s next move

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Federal Reserve Chairman Ben Bernanke told Congress Wednesday the economic outlook remains “unusually uncertain,” and the central bank is ready to take new steps to keep the recovery alive if the economy worsens. Testifying before the Senate Banking Committee, Bernanke also said record low interest rates are still needed to bolster the U.S. economy. He… Continue Reading Fed chief open to new steps to keep recovery going

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To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows and is likely to repeat a pledge to keep them there for a while. The Fed ends a two-day meeting today with policymakers having cause for optimism as well as caution. The economy has been growing again… Continue Reading Fed to keep rates low to support weak recovery

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The European debt crisis is likely to have only a “modest” impact on the U.S. economic recovery as long as Wall Street stabilizes, Federal Reserve Chairman Ben Bernanke told Congress today. Testifying before the House Budget Committee, Bernanke struck a more confident tone that the recovery will remain intact despite problems in Europe as well… Continue Reading Bernanke says recovery on track despite headwinds

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Federal Reserve Chairman Ben Bernanke is carrying a tough-love message to Capitol Hill: The United States needs to stop living beyond its means. Bernanke, scheduled to testify before the House Budget Committee on Wednesday morning, is likely to urge Congress and the White House to come up with a plan to whittle down record-high federal… Continue Reading Fed boss likely to strike hopeful note on recovery

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Getting loans flowing more normally to creditworthy small businesses will help the economic recovery, Federal Reserve Chairman Ben Bernanke said today. Small businesses – more so than big companies – rely on bank loans to expand operations and hire. Small businesses usually help drive job creation during recoveries but credit clogs have hurt hiring. Lending… Continue Reading Bernanke pushes loans for sound small businesses

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People want to know what’s going on with the economy — it’s as unpredictable as the walnut-sized hail was Monday night, just north of Garden of the Gods (vicious horizontal projectiles, in case you’re wondering). As a sign of the times, a crowd of more than 500 people attended Integrity Bank & Trust’s Second Annual… Continue Reading Even a Fed president can joke about the economy

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