Fed Signals It Will Take Further Steps if Needed

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Washington, D.C. (AP) - The Federal Reserve is offering a dim view of
the economy and signaling that it's prepared to provide new relief
if necessary to support the recovery.
At the end of its meeting Tuesday, the last before the Nov. 2
elections, the Fed held off on taking any bold new steps to
rejuvenate the economy and drive down near double-digit
unemployment. Instead, the Fed is taking a wait-and-see approach to
see if the economy can heal on its own.
The meeting comes as voters are focused on the economy and the
jobs crisis. Polls show they are inclined to punish Democrats in
Washington for a sluggish recovery.

(Copyright 2010 by The Associated Press. All Rights Reserved.)