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FOMC Economic Outlook and Policy Actions by andrewblogger is a document available to read on EtoBox.

What is FOMC Economic Outlook and Policy Actions about?

The FOMC decided to extend the average maturity of its holdings of securities and purchase $400 billion of longer-term Treasury securities by June 2012 to put downward pressure on interest rates and support the economic recovery. It also decided to maintain its target federal funds rate of 0 to 1/4 percent through mid-2013. Three members dissented, preferring no additional policy accommodation at this time. The FOMC expects slow economic growth and only gradual decline in unemployment. Significant downside

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andrewblogger

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