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Thursday, August 02, 2012

Fed Says U.S. Economy Has Slowed, Takes No New Steps

The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to boost growth if hiring remains weak.

The Fed took no new action after a two-day policy meeting. But it acknowledged in a statement released after the meeting that economic activity had slowed over the first half of the year, with job creation remaining sluggish and consumer spending tapering off.

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2 comments:

  1. If you want destroy a home , it can be done in minutes. How long will it take to rebuild it? A long time , obama has destroyed this economy , it to took 300 years to build it and 4 years to destroy it.
    He should be tried for treason , he should spend the rest of his life in jail , solitary confinement.(his wife in the next cell)

    ReplyDelete
  2. 10:43 yes Obama is responsible for a global recession and the ramifications of such that began way before Jan. 20, 2009. BTW, you take your pills today?

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