Fed Keeps Pace of Asset Purchases as Growth Pauses
Jan. 30 (Bloomberg) -- The Federal Reserve will keep purchasing securities at the rate of $85 billion a month as the economy paused because of temporary forces including bad weather. The Fed left unchanged its statement that it planned to hold its target interest rate near zero as long as unemployment remains above 6.5 percent and inflation remains below 2.5 percent. Peter Cook reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
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