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News Summary: Fed may provide more help

Friday - 9/21/2012, 6:05pm  ET

By The Associated Press

(AP) - FED MOVES: Several Federal Reserve officials made it clear this week that Chairman Ben Bernanke commands broad support for the Fed's efforts to stimulate the economy.

BOND BUYING: In a series of speeches, Fed officials expressed support for the central bank's decision to launch a third round of bond buying, purchasing $40 billion a month in mortgage bonds to push long-term interest rates down.

PROSPECTS: Economists believe Fed officials will leave policy unchanged at their next meeting on Oct. 23-24. Some think the Fed could increase the bond purchase program at its December meeting if the economy doesn't improve.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)