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
- Chuck Hagel was a huge mistake
- Want to eliminate the scourge of frat culture? Lower the drinking age.
- A brief history of the Guy Fawkes mask
- 5 quick things you can do today to boost your creativity
- 43 TV shows to watch in 2014
- What would it take for humans to build a settlement on Mars?
- Obama just kneecapped Jeb Bush and Chris Christie's 2016 prospects
- Yes, the Obama administration's green loans are unprofitable. They should be.
- House hunting: 7 stunning castles in Europe
- How to be the most productive person in your office — and still get home by 5:30 p.m.
Subscribe to the Week