The Federal Reserve policy makers are beginning to weigh their options to help ease the issues the current economic climate is forcing Americans to deal with. They will be meeting soon to discuss this situation and asses the options for America.
It is expected that no immediate action will be taken. One of the Feds concerns is being cautious that the short term fixes will not cause long-term problems, such as inflation. “There are a lot of good signs that an economic recovery could get under way later this year, and with inflation currently low, the Fed for now has the luxury of sitting back and watching this recovery unfold,” said John Silvia, chief economist at Wachovia. Bernanke, the chairman of the Federal Reserve, has predicted the Recession to end by the end of this year.