MONEYWATCH
Fed support grows for economic stimulus
May 16, 2012
May 16, 2012
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(CBS/AP) WASHINGTON - Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.
Minutes of the central bank's April 24-25 meeting stated that "several members" thought additional Fed support could be needed if the recovery lost momentum or if the risks to the economy became great enough. The minutes did not spell out such circumstances.
The comments stood in contrast to the previous minutes, which said only "a couple" of members expressed support for further bond purchases, the most dramatic move the Fed has left to boost the economy.
FOMC minutes
Minutes of the central bank's April 24-25 meeting stated that "several members" thought additional Fed support could be needed if the recovery lost momentum or if the risks to the economy became great enough. The minutes did not spell out such circumstances.
The comments stood in contrast to the previous minutes, which said only "a couple" of members expressed support for further bond purchases, the most dramatic move the Fed has left to boost the economy.
FOMC minutes
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