While you were sleeping: Fed only talks the talk

Wed, 11 Jul 2012

By Margreet Dietz July 12 (BusinessDesk) - Wall Street fell amid disappointment at the lack of a consensus among Federal Reserve policymakers to stimulate the pace of the world's largest economy. While the Fed clearly expressed concern about the economic outlook, policy makers are looking for conditions to deteriorate before they are ready to act, according to the minutes of the Federal Open Market Committee’s June 19-20 gathering released today. “A few members expressed the view that further policy stimulus likely would be necessary to prom...

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