Livewire Fed Takes A Pass On New Stimulus by David Taintor 08.01.12 | 11:05 am 1 Reuters reports: The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signaled further bond buys could be in store to help the U.S. economic recovery that it said had lost momentum this year. Send Tips David Taintor is a New York-based senior editor who oversees breaking news coverage. He previously worked at NBC News.