Fed Officials Differed Over Benefits of New Stimulus
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Federal Reserve policy makers disagreed over expanding record monetary stimulus this month, with a majority seeing a boost to growth and employment and a minority concerned about risks to inflation and the dollar.
Most officials at the Nov. 2-3 meeting saw additional securities purchases as keeping interest rates low and boosting asset prices, the Fed said in minutes of the session released today in Washington. The Fed also said it’s considering ways to improve communication with the public, such as initiating press briefings by Chairman Ben S. Bernanke.