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Fed Members Inclined to Stand Pat, for Now – NYTimes.com

WASHINGTON — Three members of the Federal Reserve’s policy-making committee indicated in separate speeches Wednesday that recent economic data, while troubling, does not yet justify an expansion of the Fed’s economic aid campaign.

The remarks suggested that the committee, which meets in two weeks, would give increased consideration to such an expansion, but also that Fed officials remain uncertain whether the growth of the nation’s economy has slowed.

While the government reported last week that employers added only 69,000 jobs in May, the Fed’s own survey of business activity, also published Wednesday, said that the economy “expanded at a moderate pace” over the last two months.

via Fed Members Inclined to Stand Pat, for Now – NYTimes.com.

The Fed also understands, or should, that the employment numbers were not as bad as the hysterical reports or the seasonal fudging, made them seem.

Tour De Farce of The Real Employment Charts

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