Fed vice chair Janet Yellen says an extension of Operation Twist or another round of quantitative easing could be warranted to 'combat persistent headwinds to recovery.'
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The market may want more bond buying by the Fed, but Dallas Fed president (and long-time inflation hawk) Richard Fisher said that would be a mistake.
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Minutes from the Fed's last meeting in April showed that the central bank's top officials discussed how fiscal policy could weigh on the recovery, and debated the possibility of more stimulus.
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