Federal Reserve officials want some action. Impatient with the economy's
sluggish growth and high unemployment, they are moving closer to taking new steps to
spur activity and hiring.
Since their June policy meeting, officials have made
clear—in interviews, speeches and testimony to Congress—that they find the
current state of the economy unacceptable. Many officials appear increasingly
inclined to move unless they see evidence soon that activity is picking up on
its own.
Amid the recent wave of disappointing economic news,
conversation inside the Fed has turned more intensely toward the questions of
how and when to move. Central bank officials could take new steps ...
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