Fed suggests more easing if economy falters

The Federal Reserve held its easy-money policies in place overnight on Wednesday but left the door open to step up bond purchases if the economy slows under the government’s severe “sequester” spending cuts.

The central bank’s policy board, the Federal Open Market Committee, said after a two-day meeting that the economy continues to grow at a “moderate” pace.

But it also said that growth is being restrained by the cuts to government spending implemented since the beginning of March.

via Business feed http://www.scmp.com/business/economy/article/1228353/fed-suggests-more-easing-if-economy-falters