- Mar 11, 2009
- Reaction score
- South Carolina
- Political Leaning
BOSTON, Oct 16 (Reuters) - Two top Federal Reserve officials argued for further aggressive action by the central bank, with one saying the economy needs "much more" help and the other pointing to Japan's painful lessons.
With nearly one in ten in the U.S. labor force unable to find work and already very low inflation threatening to drop further, the U.S. central bank is expected to offer the economy more support at its next policy meeting on Nov. 2-3.
Most analysts expect the Fed will embark on a fresh round of Treasury purchases, over and above the $1.7 trillion in longer-term assets it has already bought.
WRAPUP 1-Two Fed officials favor aggressive easing options | Reuters
Weimar republic here we come...Everyone ready for a $10 loaf of bread?