Economics
Fed Maintains Stimulus, Seeking Faster Job Gains
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Federal Reserve policy makers maintained plans to buy $600 billion of Treasuries through June, indicating the accelerating recovery still needs stimulus to produce a bigger reduction in unemployment.
The expansion is “continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions,” the Federal Open Market Committee said today in its statement after a two-day meeting in Washington. Officials were unanimous for the first time since December 2009.