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The Boston Globe


Fed committee stays on economic course

But one member says its efforts are ineffective

WASHINGTON — The Federal Reserve held its course Wednesday, revealing no changes in its campaign to stimulate the economy after a two-day meeting of its policy-making committee.

The Fed issued an appraisal of the economy almost identical to the one it released six weeks ago. The economy is growing ‘‘at a moderate pace,’’ it said. Job growth is slow. Housing is doing a little better. Inflation remains under control.

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