Fed under pressure to act as world markets swoon

[defendandprotect]

Fed under pressure to act as world markets swoon


WASHINGTON (Reuters) - Federal Reserve policymakers began meeting on Tuesday under growing pressure to take some type of action to stem a financial market meltdown linked to fears of a new U.S. recession.

Members of the policy-setting Federal Open Market Committee started their meeting at 8 a.m. and are expected to deliver a policy statement around 2:15 p.m..

The Fed's policy toolkit looks rather depleted, making some question the likely effectiveness of any further monetary stimulus.

Still, some analysts think global equity declines and other market disruptions could force it to step up with some kind of intervention to try to calm the situation.


http://news.yahoo.com/fed-under-pressure-act-world-markets-swoon-050130864.html



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This is more upside down cake -- it is our government - CONGRESS -- which should be

called responsibile and acountable for dealing with this economic crisis --

NOT A PRIVATE BANK!!