In its statement after the last meeting, the Fed said the economy had strengthened but still needed its efforts to help lower high unemployment. In addition to continuing the bond purchases, the Fed stuck by its plan to keep short-term interest rates at record lows at least until unemployment falls to 6.5 percent.The minutes indicated that many of the Fed's members want to see sustained improvement in the job market â¿¿ from a wide range of economic indicators â¿¿ before making any decision to reduce the pace of purchases.
Minutes Show Fed Supports Stimulus Through Midyear
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