Summary Box: Support builds at Fed to aid economy

AP News
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Posted: Oct 12, 2010 6:00 PM
Summary Box: Support builds at Fed to aid economy

TWO-PRONGED APPROACH: To pump up the economy, the Federal Reserve is leaning toward taking two steps: Buying more government debt and signaling an openness to higher prices later to spur more spending now, according to minutes of the Fed's September meeting.

HELP ON THE WAY: Fed officials said they were prepared to take additional relief "before long." Economists expect the Fed to act at its Nov. 2-3 meeting.

FRAGILE RECOVERY: The economy has lost momentum all year, keeping unemployment stuck near double digits.