Minutes of the Federal Open Market Committee's last meeting on and 28 sho the central bankers saw the recession worsening in January. Shares on Wall Street turned mostly lower after wavering in and out of positive territory, after briefly turning higher when the Obama administration unveiled details of a.

Fed Chairman Ben Bernanke said in a speech that "extraordinary measures" taken by the central bank to restore the flow of credit vital to the U.S. Stocks gave up most of their gains after a downbeat economic outlook from the U.S. Dollar gets lift as stocks struggle SAN Cletis -- The dollar got a lift against most major currencies as U.S.

The FOMC's updated forecasts predict that the economy would likely shrink between 1.3% and 0.5% this year, considerably worse than in October, when FOMC members thought the economy might grow as much as 1.1% in 2009.