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.
