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Published: Tuesday, 10/12/2010

Fed officials ponder new economic support

BLADE NEWS SERVICES

WASHINGTON — U.S. Federal Reserve officials believed in September the struggling recovery might soon need more help, and they discussed several ways to provide support, including the possible adoption of a price-level target.

Policy-makers had a “sense that [more] accommodation may be appropriate before long,” the central bank said Tuesday.

In the minutes of its last policy-setting session, held Sept. 21, the Fed said officials discussed several approaches to aiding the economy but focused on buying additional longer-term Treasury securities and ways to nudge the public into expecting higher levels of inflation in the future.



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