The Federal Reserve said Tuesday that it was prepared to take new steps to bolster the recovery if necessary and said inflation was getting too low, but officials deferred action. Central bank officials have been debating whether to restart a program of securities purchases aimed at driving already-low long-term interest rates down even further, in an effort to reduce borrowing costs for households, businesses and the U.S. government. The Fed “is prepared to provide additional accommodation if needed to support the economic recovery,” officials said in a statement at the end of a one-day meeting. Inflation is below the Fed’s …
Fed hints at move to boost recovery
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