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Editorial Results (free)

1. Despite Market Unrest, Fed Likely to Pare Stimulus -

WASHINGTON (AP) – Just as Ben Bernanke prepares to turn the chairmanship of the Federal Reserve over to Janet Yellen, global markets are on edge over the prospect that she'll extend a policy he began: a steady pullback in the Fed's extraordinary economic stimulus.

2. Fed Leaves Low Interest-Rate Policies Unchanged -

WASHINGTON (AP) – The Federal Reserve says the U.S. economy still needs support from its low interest-rate policies because it is growing only moderately.

In a statement Wednesday after a policy meeting, the Fed said it would keep buying $85 billion a month in bonds to keep long-term interest rates low and encourage borrowing and spending.

3. Surprise From Fed: No Pullback in Bond Purchases -

WASHINGTON (AP) – In a surprise, the Federal Reserve has decided against reducing its stimulus for the U.S. economy because its outlook for growth has dimmed in the past three months.

The Fed said it will continue to buy $85 billion a month in bonds while it awaits conclusive evidence that the economy is strengthening. The Fed's bond purchases are intended to keep long-term borrowing rates low to boost spending and economic growth.

4. Fed Official Criticizes Announcement on Bond Buys -

WASHINGTON (AP) — A Federal Reserve voting member believes the Fed's decision to announce details about when it would trim its bond-buying program was "inappropriately timed," according to a statement posted by his staff Friday.

5. Fed Suggests It's Closer to Slowing Bond Purchases -

WASHINGTON (AP) — Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve.

6. Fed Stands by Stimulus, Sees Stronger US Economy -

WASHINGTON (AP) – The Federal Reserve said Wednesday that the U.S. economy has strengthened after pausing late last year but still needs the Fed's extraordinary support to help lower high unemployment.

7. Fed Says Growth Pause Temporary, Keeps Up Stimulus -

WASHINGTON (AP) – The Federal Reserve said Wednesday that the U.S. economy "paused" in recent months because of temporary factors and reaffirmed its commitment to try to stimulate growth by keeping borrowing cheap for the foreseeable future.

8. Events -

The Memphis Center City Revenue Finance Corp. will meet Tuesday, May 8, at 9 a.m. at the board’s office, 114 N. Main St. Call Andy Kitsinger at 575-0540 for details.