Fed to mull trigger for bolder action
Published 11:56 pm Monday, September 20, 2010
WASHINGTON (AP) — Federal Reserve policymakers are poised to have a lively debate today about what steps — if any — are needed to get the economy moving. But few expect any major initiatives to come out of the meeting.
There are differing views at the Fed’s main policymaking group — the Federal Open Markets Committee — about what should be done. And some pressure is off after a few mildly positive economic reports showed the pace of layoffs has slowed, shoppers’ appetites to spend has picked up and factory production is growing.