Fed discusses additional maneuvers to revive US economy

Officials at the U.S. Federal Reserve signaled on September 21 for the first time that they were worried that the slow-moving economic recovery could be undermined by very low rates of inflation, and hinted strongly that it might resume buying vast amounts of government debt to spur the recovery.

The Fed is concerned about deflation –- a sustained drop in prices and wages. The absence of a sufficient bounce-back in the U.S. economy is concerning the Obama Administration as well as signs that it will be held responsible at the November 2 mid-term elections.

Source: New York Time


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