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The Boston Globe

Business

When should the Fed lessen the stimulus?

At central bank, debate shifts to the timing for doing less; jobless rate is key factor

WASHINGTON — The Federal Reserve has left little doubt about its plans for the next few months, and thus little mystery about the statement it will release Wednesday after the latest meeting of its policy making committee. The economy remains weak. The Fed will keep buying bonds to hold down borrowing costs.

Inside the central bank, however, debate is once again shifting from whether the Fed should do more to stimulate the economy to when it should start doing less.

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