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PIA Addresses Federal Reserve, Patent Trolls

Magazine article Editor & Publisher

PIA Addresses Federal Reserve, Patent Trolls

Article excerpt

The Center for Print Economics and Mazket Research of Pirinting Industries of America (PIA) released a statement regarding the announcement of the Federal Reserve on monetary policy.

The Federal Reserve released the following statement: 'Information received since the Federal Open Market Committee met in October indicates that economic activity is expanding at a moderate pace. Labor market conditions have shown further improvement; the unemployment rate has declined but remains elevated. Household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months. Fiscal policy is restraining economic growth, although the extent of restraint may be diminishing. Inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.'

In its statement, PIA noted, "Based on these improved fundamentals, the Committee believes it is time to begin tapering purchases of mortgage backed securities and Treasury securities. …

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