Fed Hints at Action

    Federal Reserve Chairman Ben Bernanke is visible on a television monitor on the floor of the New York Stock Exchange, Wednesday, June 20, 2012. Bernanke said the Fed took a significant step Wednesday when it agreed to extend a program to swap short-term bonds for longer-term bonds. (AP Photo/Richard Drew)

    Richard Drew / AP Photos

    Finally. Federal Reserve officials are reportedly leaning toward a bigger stimulus campaign if the economy doesn’t improve. Some members want immediate action, but others are willing to wait a few months for more economic data. The Fed’s policy committee is meeting next week, and last week Ben Bernanke said the lack of growth and the unemployment rate were alarming. The action is highly anticipated—with elections around the corner, Democrats are hoping for a boost, while Republicans warn that the costs exceed the benefits.

    Read it at The New York Times