Faced with a stubborn unemployment rate and low inflation, the Federal Reserve may finally be willing to enact more stimulus measures. Recently-released minutes from a September meeting show many of the board’s members are willing to take new actions, such as buying more Treasury debt to loosen credit. Members acknowledged “considerable uncertainty” in the economic outlook, with conflict between those who favor stepping in now or holding off until the recovery worsens. Fed chief Ben Bernanke may reveal clues on Friday, when he makes his first public speech since August.
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