Fed Sees Labor-Market Slack, Trims Bond Purchases

Fed Sees Labor-Market Slack, Trims Bond Purchases Play

July 30 (Bloomberg) -- The Federal Reserve said slack in the labor market persists even as the economy is picking up, and it continued to trim monthly asset purchases that have pumped up its balance sheet to a record $4.41 trillion. Peter Cook reports on “Bottom Line.” (Source: Bloomberg)

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