From forexlive.com Eg
- Economic conditions likely to warrant exceptionally low Fed fund rates at least through mid 2013
- Fed’s Fisher, Kocherlakota and Plosser dissented against action, preferring to retain extended period language
- Economic growth this year considerably lower than committee had expected
- Discussed range of policy tools avaialable to promote stronger recovery, prepared to employ tools as appropriate
- Expects slower pace of recovery over coming quarters, unemployment to decline only gradually
- Indicators suggest labour markets conditions have deteriorated in recent months
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