Several members of the Federal Reserve's policy-making committee are prepared to take steps to stimulate the economy "fairly soon" if the faltering recovery doesn't gain strength, according to minutes released on Wednesday from the central bank's latest interest-rate meeting. There are few indications that the recovery will begin accelerating on its own in the coming months, leading some investors to believe that the Fed is on the verge of launching a new round of asset purchases, which would effectively flood the economy with money. However, some Fed officials expressed concern that purchasing new Treasuries or mortgage-backed securities could drive up inflation and hurt economic growth in the long-term.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- This is what happens when Republicans actually enact their radical agenda
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- How I dug myself out of debt — and stayed that way
- Russia is stealthily threatening America with nuclear war
- 6 things the happiest families all have in common
- 43 TV shows to watch in 2014
- 10 things you need to know today: September 18, 2014
- The science of sex: 4 harsh truths about dating and mating
- Why so many Christians won't back down on gay marriage
- 6 super-helpful iOS8 tricks you probably don't know about
Subscribe to the Week