At the most recent Federal Reserve Meeting, members of the organization demonstrated division over the right course of action for our struggling economy. The predominant view is for the FED to continue to bolster the US economy through investing in US treasuries; thus, keeping money pumping into our frail economy. However, some members of the Reserve expressed concern that continuing to invest into US treasuries will spur inflation and set a precedent of too much government intervention. Despite this division, the FED voted in favor of investing in more US treasuries with a nine to one vote – Kansas City FED President Thomas Hoenig being the only hold-out. In addition, the FED seems to be willing to do even more to help spur the economy upward, with some suggesting that a second, further-reaching stimulus is needed.
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