Comparing US Fed's views on economy, unemployment

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Associated Press

Posted on January 30, 2013 at 1:33 PM

A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting on Dec. 11-12:

ECONOMY:

December: "Economic activity and employment have continued to expand at a moderate pace in recent months, apart from weather-related disruptions."

January: "Growth in economic activity paused in recent months, in large part because of weather-related disruptions and other transitory factors."

BETTER OUTLOOK:

Then: Fed policymakers remain "concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions."

Now: The Fed "expects that, with appropriate policy accommodation, economic growth will proceed at a moderate pace and the unemployment rate will gradually decline."

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