The Presidential Daily Brief

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  1. Fed Waffles on Extent of U.S. Recovery

    Maybe America’s not back on top. Finance officials have expressed optimism in recent months, but minutes from last month’s Federal Reserve meeting reflect serious doubts over the nation’s economic strength. Data from the first quarter revealing annualized growth of just 0.2 percent has apparently dampened excitement. At the meeting, “nays” outweighed “yays” for a June interest rate hike. And while Chair Janet Yellen maintains that the “appropriate” time for an increase may be this year, it’s looking less likely to happen before September.

    FT (sub), WSJ (sub)

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