Comparing US Fed's views on economy, spending

A look at how the Fed's views have changed on the economy and the job market

Associated Press

WASHINGTON (AP) -- A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting on April 30-May 1:

ECONOMY:

May: The Fed "continues to see downside risks to the economic outlook."

June: Now, Fed policymakers see "the downside risks to the outlook for the economy and the labor market as having diminished since the fall."

JOBS:

Then: "Labor market conditions have shown some improvement in recent months, on balance, but the unemployment rate remains elevated."

Now: More improvement has been seen: "Labor market conditions have shown further improvement in recent months, on balance, but the unemployment rate remains elevated."

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