Summary Box: Fed officials cut growth forecast, look to ways to energize recovery
By APWednesday, July 14, 2010
Summary Box: Fed worries about slowing rebound
WORRIED ABOUT GROWTH: Federal Reserve officials cut their forecasts for growth this year and signaled they stood ready to take new steps to keep the recovery alive if the economy takes a turn for the worst.
CAUTIOUS TONE: Europe’s debt crisis, a volatile Wall Street, a stalled housing market and high unemployment are threats to the rebound.
FOSTERING GROWTH: The Fed is sure to leave a key interest rate at a record lows. Other options include reviving some crisis-era programs, such as buying mortgage securities or government debt.
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