Fed hints it may take new action

Published Aug 23, 2012 at 05:00AM

Federal Reserve officials signaled Wednesday that they may be ready to launch a new bond buying program when they next meet in September.

The goal would be to try to lower long-term interest rates to encourage more borrowing and spending.

Minutes of the July 31-Aug. 1 policy meeting released Wednesday don’t explicitly say what action the Fed would most likely take. But they hint that the central bank is preparing to begin more bond buying.

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