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Federal Reserve officials’ view of the US economy improved in January as vaccines rolled out and Democrats pushed for additional fiscal stimulus, according to meeting minutes published Wednesday.

Members of the Federal Open Market Committee met on January 26 and 27 to discuss the central bank’s policy stance and developments in the country’s economic recovery. Officials noted that the pandemic had worsened in recent months, placing new pressure on the industries hardest hit by the health crisis.

Yet the group’s medium-term outlook improved as positive developments offset virus concerns. For this rosier view, participants cited “the details ⇒

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