Federal Reserve policy makers can’t seem to agree on whether or not the central bank should take additional steps to spur growth, according to Reuters. Charles Evans, president of the Chicago Fed, said Wednesday the Fed should be doing more to stimulate growth than the tension of Operation Twist it announced last week, such as more easing and more asset purchases.
But Dennis Lockhart, president of the Atlanta Fed, says current conditions don’t warrant further action.
Quantitative easing may be an option, according to Lockhart, but only dramatically slower growth and the threat of falling prices would make him consider more bond purchases, Bloomberg reports.
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