Fed Officials Cited 'Substantial' Risks to Economy at December Meeting

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Fed Officials Cited 'Substantial' Risks to Economy at December Meeting

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01-06-2009, 06:10 PM

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Fed Officials Cited 'Substantial' Risks to Economy at December Meeting

Federal Reserve policy makers saw "substantial" risks to the U.S. economy when they met last month and some saw the possibility of a "prolonged contraction," according to minutes of the meeting released Tuesday.

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