Fed Says It Will Continue With Stimulus Plan

Washington, DC, Oct. 25, 2012 -- The Federal Reserve on Wednesday said it will continue with its stimulus plan until the job market improves, although it acknowledged some parts of the economy were improving.

In a statement, the central bank repeated its intention to keep rates near zero until mid-2015 and its pledge to keep supporting growth while the recovery strengthens.

The Fed plans to purchase $40 billion in mortgage-backed debt per month to push interest rates lower and spur a stronger recovery.

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