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Federal Reserve Chairman Ben Bernanke will likely face more pressure from some of his own colleagues next year to scale back the Fed’s $600 billion bond-buying program to rev up the economy.
Two regional Fed bank presidents known to be especially vigilant about the risk of price increases will become voting members of the Fed’s main policymaking group, the Federal Open Market Committee. Get the full story »
Federal Reserve policymakers clashed over the benefits and risks of launching a $600 billion program to rejuvenate the economy, but voted for it anyway, according to minutes of their closed-door deliberations released Tuesday.
Despite a 10-1 vote for the program, the minutes from the Nov. 2-3 meeting show that some Fed officials had concerns about embarking on a second round of stimulus. Get the full story »
