Economy/Business News Alert: Some Fed officials at August meeting pushed for more aggressive actions to fight slowdown

Tuesday, August 30, 2011

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Economy/Business News Alert: Some Fed officials at August meeting pushed for more aggressive actions to fight slowdown
August 30, 2011 2:15:35 PM
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Minutes of an Aug. 9 Federal Reserve meeting show that some officials pushed for a more aggressive response to the economy's slowdown. They settled for a pledge to keep rates super-low for two more years and agreed to consider additional options at an extended meeting in September.

The minutes show that Fed officials discussed a range of actions, including another round of Treasury bond purchases. Some Fed officials said a weaker economy called for such a step.

http://link.email.washingtonpost.com/r/YLCS8G/UUOXN1/K3O6YR/7UGW4Y/6BZ4F/W1/h

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