Fed to Weigh Further Easing Amid Doubts About Recovery
FED, FEDERAL RESERVE, EASING, BEN BERNANKE, INFLATION, ECONOMY, RECESSION, QUANTITATIVE EASING,
| 13 Jan 2012 | 06:57 AM ET
Federal Reserve officials are seriously considering giving the US economy—and especially the housing market—an added jolt with more quantitative easing.
Fed officials are likely to discuss such a move at their Jan. 24-25 meeting, when the central bank will issue its first quarterly forecast on interest rates under the new communication policy.
Two of the new voting members this year on the Federal Open Market Committee , which sets interest-rate policy, have recently suggested they would support more assets purchases.
San Francisco Fed President John Williams said that sustained high levels of unemployment, as forecast by many Fed members, "does make an argument that we should have more stimulus."
Another new voter, Cleveland Fed President Sandra Pianalto, said in a recent speech that economic models indicate the Fed "should be even more accommodative than it is today."
They join other members, including New York Fed President Bill Dudley and several Fed governors, who have openly suggested they would support more QE . |
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