Officials at the Federal Reserve believe that the U.S. unemployment rate could remain elevated for the next five to six years, according to the minutes released Wednesday of their most recent policy-making meeting in June. However, only a "few" of the 12 officials advocated taking more aggressive action to jumpstart economic growth. Others said they would consider new stimulus measures — such as purchasing more Treasuries and other assets — if the economy took a turn for the worse.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Beware of Splenda: The backlash against artificial sugars
- 43 TV shows to watch in 2014
- 10 things you need to know today: October 30, 2014
- Stop making fun of philosophy and read some philosophy
- The secret advantages of great penmanship
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- For Democrats, the right lesson from 2014 is to be more liberal
- 6 things the happiest families all have in common
- How the brides of ISIS are attracting Western women
- How to live a long life, according to science
Subscribe to the Week