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Citing growth, Fed will take no new action

By Binyamin Appelbaum
New York Times / December 14, 2011
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The Federal Reserve said Tuesday that it was closing the books on 2011, maintaining its existing efforts to increase growth but adding no reinforcement amid evidence that the U.S. economy is chugging back toward health. The central bank will enter next year as it entered this one, in a stance of hopeful exhaustion, optimistic the economy is gaining strength, worried about setbacks and doubtful it can do much more to hasten recovery.

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