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More FOMC Minutes: The committee takes note of a contrast between more favorable indicators on...

More FOMC Minutes: The committee takes note of a contrast between more favorable indicators on the consumer side and weaker activity in the business sector. The committee's business community contacts indicated an "uncertain outlook" for government spending, taxes, and regulation. Richmond Fed President Jeff Lacker again dissents - both with QE in general and MBS purchases, which "inappropriately" target a particular sector of the economy.
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