WASHINGTON (AP) — The economic recovery finally is spreading to all parts of the country, but the modest pace of growth suggests companies won’t be ramping up hiring to drive down unemployment quickly. A Federal Reserve survey, released Wednesday, found that economic activity improved across all 12 regions tracked. The … Read more

What happens when the temporary, stimulus-funded, jobs end?  And the taxes go up and the inflation goes up? Where’s the “recovery” then?

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WASHINGTON (AP) — Federal Reserve policymakers are likely to deliver a fresh vote of confidence in the staying power of the recovery as signs multiply the economy is strengthening. Fed Chairman Ben Bernanke and his colleagues resumed their two-day meeting Wednesday morning and are all but certain to keep holding rates at record lows to help the economy grow. However, they’ll also expected to discuss when and how they’ll reverse course and start boosting rates once the recovery is firmly rooted. The Fed meets as the economy flashes growing signs of improvement. Employers are creating jobs. Americans’ confidence is rising …

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