Washington, Sep 3 (DPA) The US Federal Reserve sees an end to the economic crisis in the second half of the year even as problems are expected to remain on the job market, according to minutes of the central bank's last meeting released Wednesday.
Still the majority of the central bankers said at the Aug 11-12 meeting that they expected recovery to be slow and stressed that the economy was 'still vulnerable to adverse shocks'.
The Federal Open Market Committee said business would likely remain cautious in hiring new workers and income growth would remain 'sluggish' along with tight credit conditions for households. Business investment would also remain weak, due to excess capacity and credit conditions, the Fed said.