US Fed signals readiness to add further stimulus

Federal Reserve policy makers signalled readiness to boost record stimulus unless they are convinced the economy is poised to rebound.

23rd August, 2012
The Federal Reserve.

Federal Reserve policy makers signalled readiness to boost record stimulus unless they are convinced the economy is poised to rebound. Recent signs of strength may not be enough to satisfy them.

Many members of the policy-setting Federal Open Market Committee said further action would probably be needed “fairly soon” without evidence of “substantial and sustainable” improvement in the recovery, according to minutes of the July 31st - August 1st meeting released yesterday in Washington....

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