Fed Expresses Modest Optimism – WSJ.com

Federal Reserve officials Wednesday refrained from taking new steps to charge up the economy as they expressed some modest optimism about the recovery while they continue to debate ways to bring unemployment down without stoking inflation.Meanwhile, Fed Chairman Ben Bernanke, in a news conference Wednesday after the Fed announcement, offered little hope for a pickup in U.S. growth after years of economic weakness, saying the pace of progress is “likely to be frustratingly slow.”

via Fed Expresses Modest Optimism – WSJ.com.