Economic Slowdown: Federal Reserve Vows to Help

The Federal Reserve's words made it clear today that it is concerned about the slowing pace of economic recovery. "Today's statement was about as worried a statement as I've seen since, well, we were back in a recession," said Moody's chief economist Mark Zandi. At the end of a one-day meeting of the Federal Open Market Committee, the Fed's top policymakers released a statement saying that new information "indicates that the pace of recovery in output and employment has slowed in recent...Full Story
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