What? The economy isn't on the path to recovery? I do wish these professional Democrats would stop trying to undermine the President.
Federal Reserve officials, acknowledging that their confidence in the recovery had dimmed, moved again on Tuesday to keep interest rates low and encourage economic growth. They also signaled that more aggressive measures could follow if the job market and other indicators continued to weaken.
The Fed, led by Ben S. Bernanke, its chairman, has shifted away from its more optimistic outlook earlier this year. “The pace of recovery in output and employment has slowed in recent months,” said the Federal Open Market Committee. The statement added that the nation’s economic recovery was “likely to be more modest in the near term than had been anticipated.”
