Federal Reserve

With Economy Still Sluggish, Fed Hints at Continued Stimulus

Keep the funny money coming


The Federal Reserve voiced concern Wednesday over higher mortgage rates and low inflation, hinting that a slowdown in monetary stimulus is further away.

Meanwhile, new data on Q2 GDP growth clouded the outlook for when the economy can grow without the Fed's help.

At a two-day policy meeting, central bankers trimmed their assessment of recent growth but were more upbeat about the future. A warning in the post-meeting statement on low inflation's risk to the economy was seen as the main change vs. June.