Fed makes 4th cut of $10 billion in bond purchases, repeats goal for low short-term rates

  • Article by: MARTIN CRUTSINGER , Associated Press
  • Updated: April 30, 2014 - 4:01 PM

WASHINGTON — The Federal Reserve struck an encouraging note Wednesday: It will further cut its bond purchases because the U.S. job market needs less help. And it said the economy had strengthened after all but stalling during a harsh winter.

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