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BRIEFLY

The Fed voted not to change its growth targets.

March 30, 1985

By voting last month not to change those targets for the nation's money supply, the Federal Reserve policy-makers signaled that they were content to let interest rates remain where they were, according to minutes of a meeting released Friday. The Federal Open Market Committee, the policy-making arm of the central bank, agreed at a meeting Feb. 12-13 that it would pursue the same amount of restraint on the money supply in coming weeks as it had in the period immediately before the meeting. The policy-makers said they would only seek "modest increases" in money controls if the various money supply measures were growing above the Fed's target ranges for the year.

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