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Some Fed members ready to stimulate economy
 
Ben Bernanke to the U.S. economy: OK, OK, here's $600 billion more -- satisfied?
Ben Bernanke to the U.S. economy: OK, OK, here's $600 billion more -- satisfied?
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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. 

 

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