Economy/Business News Alert: Fed holds off on taking new action to boost economy

Wednesday, November 2, 2011

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The Washington Post Wednesday, November 2, 2011 12:37:27 PM
ECONOMY/BUSINESS NEWS ALERT

Fed holds off on taking new action to boost economy


The Federal Reserve is holding off on any new actions to help the economy because stronger growth is giving it time to gauge the impact of steps it's already taken.

Fed policymakers made the announcement after a two-day meeting.

In a statement, the officials said the economy has strengthened and consumers have stepped up spending. But they said the economy continues to face significant downside risks, including strain in global financial markets — a reference to the crisis in Europe.

The Fed left open the possibility of taking further steps later to try to boost the sluggish economy.


Read more at:
http://www.washingtonpost.com/business/economy/federal-reserve-concludes-2-day-meeting-with-many-economists-expecting-no-change-in-policy/2011/11/02/gIQA9tXKeM_story.html



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