FOMC Minutes June 23-24, 2009
Economic activity has stabilized further, but risks remain Core inflation is expected to remain low Committee will maintain the target rate of 0 to 0.25% The FOMC announced that economic contraction had subsided and downside risks to economic growth had diminished, but threats remain. Participants also judged that financial market developments have been positive, but could be attributed to support from government programs rather than solid fundamentals, and credit markets remain tight amid
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