Survey: Economists say Fed is on 'the right track'


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NEW YORK (AP) — A majority of economists are saying that the Federal Reserve is doing the right things to help repair the U.S. economy. That's according to a new survey done by the National Association of Business Economists.

The survey also shows a vast majority of economists believe the U.S. economy is at little risk of inflation in the coming years.

In the association's semiannual survey, 53 percent of economists said the Fed's stimulus programs were "on the right track" for the U.S. economy while 39 percent thought the Fed was doing too much.

The Federal Reserve has been winding down a bond-buying economic stimulus program since December. Many investors and economists expect the central bank to start raising interest rates in 2015. It would be the first time the Fed raised interest rates since 2008.

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