Fed sees US contraction, moves toward inflation goal (AFP)

The Federal Reserve Building in Washington, D.C. The US central bank has forecasted the national economy would shrink in 2009 and for the first time moved toward a long-range inflation goal in a bid to clarify monetary policy.(AFP/Getty Images/File/Mark Wilson)AFP – The Federal Reserve has forecasted the US economy would shrink in 2009 and for the first time moved toward a long-range inflation goal in a bid to clarify monetary policy.

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