Fed Stands Pat

13-Mar (The Wall Street Journal) — U.S. Federal Reserve officials held their course Tuesday, taking no new actions and offering few hints about their willingness to embark on future programs to bolster the economic recovery.

In their assessment of the U.S. economy, the central bank officials acknowledged improvements in the labor market, but cautioned that economic risks remain and that inflation could rise temporarily because of the recent increase in oil and gas prices.

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