Grim Fed pondered even bolder easing in August

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Grim Fed pondered even bolder easing in August

September 1st, 2011

FAKE NEWS for the Zionist agenda

Reuters
August 31, 2011

The central bank in early August discussed a range of unusual tools it could use to help the economy, with some officials pressing for bold new steps to help the economy.

Before settling on a promise to keep rates near zero at least until mid-2013, the Fed examined an array of policy options to shore up a flagging recovery, including tying the path of interest rates to either unemployment or inflation.

“Participants noted a deterioration in labor market conditions, slower household spending, a drop in consumer and business confidence and continued weakness in the housing sector,” according to minutes from the central bank’s August 9 meeting released on Tuesday.