The board of the Federal Reserve is comprised of 19 individuals, 12 of which are given voting responsibilities with regards to monetary policy implementation. About half of the 19 members forecast the economy to be healthy enough by the end of the year to begin winding down the stimulus program. However, many of the key 12 members with voting rights have stated they need to see further improvement in the job market before they would be willing to consider easing up on the stimulus.
Posted on: Tue, 23 Jul 2013 18:52:33 +0000
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