Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Fed Members Teeing Up Possibility of More Stimulus

Details

  • Description

    FBN's Peter Barnes breaks down the latest FOMC minutes.

  • Duration 1:50
  • Date

Clips

Also in this playlist...

Economy

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

In the US as we wait to see is that any hint of QE3.

From those policy makers that the Fed let's go to -- bonds and find out data.

-- -- there sure are -- the latest fed meeting minutes show members ready to launch more stimulus of necessary to help the economy.

And job creation the minutes are for the FOMC meeting last month.

At which it lowered its outlook for economic growth and voted to extend.

Operation Twist through the end of the year to help keep long term interest rates low.

But the minute -- FOMC members teeing up additional stimulus may be more quantitative easing QE3.

Let's get to the quotes first one.

Quote a few members expressed the view that further policy stimulus likely would be necessary to promote satisfactory growth and employment.

And to ensure that the inflation rate would be at the committee's goal.

Several others noted that additional policy action could be warranted if the economic recovery were were to lose momentum if the downside risks to the forecast became sufficiently pronounced.

Or if inflation seem likely to run persistently below the committee's longer run objectives.

The minute show FMC M members very concerned about the debt crisis in Europe.

And its potential impact on the US economy and they are also very concerned -- home about the fiscal cliff at the end of the year in fact several FOMC members suggested.

According to the minutes that the Fed might need more tools for its stimulus tool box quote several participants commented that it would be desirable to explore the possibility.

A developing new tools to promote more accommodative financial conditions and thereby support a stronger economic recovery have.

Very interesting indeed teeing up the possibility of more monetary easing no doubt.

Load More