Fed Officials Clash Over Efforts to Aid Economy

By: Associated Press
By: Associated Press

Washington, D.C. (AP) - Divisions within the Federal Reserve over how
to pump up the economy and lower unemployment came into sharper
view Wednesday.
Three Fed officials squared off in competing speeches over how
much help would come from one likely next step -- buying more
government debt.
Narayana Kocherlakota, president of the Federal Reserve Bank of
Minneapolis, argues that a fresh round of government-debt buying
may not help the economy all that much. Charles Plosser, president
of the Federal Reserve Bank of Philadelphia, makes a similar point.
But, Eric Rosengren, president of the Federal Reserve Bank of
Boston, stresses that Fed policymakers must do what they can to
bring some more relief.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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