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Air and without we're gonna go to breaking news from the Federal Reserve can't find details watched Peter.
Well -- the FOMC seriously discussed more monetary easing back on July 31 and August 1 let's go right to the minutes quote.
Many members judged that additional monetary accommodation.
Would likely be warranted fairly soon -- -- incoming information pointed to a substantial.
And sustainable strengthening.
And the pace of the economic recovery and quote they talked about doing that three ways one more quantitative easing of course more bond purchases to push interest rates down even more QE3.
To lowering the interest rate on trillions and reserves that banks keep on deposit at the Fed to encourage banks to lend more of that money.
Rather than keep it on deposit at the Fed and three.
Keeping short term interest rates low exceptionally low beyond late 2014.
The current guidance even if the recovery gets stronger.
Quote many members expressed support for extending the committee's forward guidance but they agreed to defer a decision on this matter until the September meeting.
In order to consider such an adjustment in the context of updates to participants individual economic projections and the committees further consideration.
Of its policy options one update that the Fed got just three days after this meeting on August 3.
Was that higher than expected jobs report a 163000.
New jobs in July.
They'll be a lot for the FOMC to chew on.
When it meets next on September 12 -- actually -- this was based on some pretty bleak economic data at a time we've been saying since then -- Stages -- more promising but just shows you they.
Ready to take action as they said many times the market already starting and -- and move on.
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