Fed says risks to economy have eased "considerably"

09/3/2009 | Reuters · Washington Post, The

Policymakers at last month's Federal Reserve meeting voiced confidence that the economic downturn is coming to an end as well as concern that future growth might be weak, according to the meeting's minutes. "Meeting participants agreed that the incoming data and anecdotal evidence had strengthened their confidence that the downturn in economic activity was ending and that growth was likely to resume in the second half of the year," according to the minutes. The Fed also decided to keep its asset purchases steady, a move that could indicate that an exit strategy from the economy-supporting initiative will be next.

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Reuters · Washington Post, The

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