Oct. minutes of Federal Open Market Committee

The Federal Reserve on 11 December released the minutes of its FOMC meeting of 28 October. Federal Reserve policy-makers expressed concerns at their October meeting that the battered job market might not fully recover until at least 2005 even if the economic recovery grew stronger. "Members generally anticipated that an economic performance in line with their expectations would not entirely eliminate currently large margins of unemployed labour and other resources until perhaps the latter part

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