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Market Watch | Fed minutes show active discussion of QE3
Members of the Federal Reserve got closer to pushing the button on a new round of bond purchases even as a less-aggressive step of altering language on a low-rate pledge seems to be in the works, according to minutes from the most recent meeting released Wednesday.
Market Watch | Chicago Fed president urges more policy action
Federal Reserve Bank of Chicago President Charles Evans urged further monetary-policy easing Thursday, saying the U.S. central bank should take additional actions to bolster the economy, according to reported comments made in Thursday in Beijing. "Accommodation is our best defense against any shocks," Evans said, according to Dow Jones Newswires, echoing some of his previous comments on the matter. He said he saw little evidence of inflation, calling price gains in the U.S. "modest to say the least."
