Fed committee stays on economic course
But one member says its efforts are ineffective
The Federal Reserve held its course Wednesday, announcing 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.