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WASHINGTON (AP) - Federal Reserve policymakers saw a lessening of economic threats from the housing slump but continued to worry about inflation as they decided last month to leave existing interest rates intact.
According to minutes of their deliberations released Wednesday, Fed Chairman Ben Bernanke and his colleagues believed that while the slowdown in housing continued to pose a threat to the overall economy, those risks had "diminished somewhat."
The central bank still believed the greatest threat to the economy would occur if policymakers did not succeed in reducing inflation pressures.
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