Fed is open to increased bond buying if economy falters

05/2/2013 | Reuters · Washington Post, The · Bloomberg

The Federal Reserve said it will keep buying bonds at $85 billion a month and is prepared to expand the program if required to protect the U.S. economic health. Policymakers repeated their concern that unemployment is too high and said they will keep buying assets until there is significant improvement in the labor market. The Federal Open Market Committee, which issued the statement after its two-day meeting, said federal spending cuts are "restraining economic growth."

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Reuters · Washington Post, The · Bloomberg

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