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Fed turns down volume on stimulus talk
Federal Reserve policymakers appear less keen to launch a fresh round of monetary stimulus as the economy gradually improves, according to minutes for the central bank's March meeting. Fed officials noted recent signs of slightly stronger economic growth but remained cautious about a broad pick up in U.S. activity, focusing heavily on a still elevated jobless rate. However, the minutes suggest the appetite for another dose of quantitative easing, so-called QE3, has waned significantly. The March meeting minutes noted "a couple" of members thought additional stimulus might be needed if the economy loses momentum ... (full story)
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