By ITMS News on August 10th, 2010 2:34pm Eastern Time
Federal Reserve policymakers reports to take a small easing step given that the recovery is likely to be more modest in the near term than had been expected. The Federal Open Market Committee announced that it would reinvest maturing mortgage-backed securities back into the market so that its balance sheet does not shrink.the Fed kept its benchmark interest rate at a record low level.
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