Summary Box: Fed officials cut growth forecast, look to ways to energize recovery

By AP
Wednesday, 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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