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Marc Cooper: The Devolution of PJ Media

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Killgore Trout7/07/2010 8:35:33 pm PDT

The Tea Partiers are gonna love this….
Federal Reserve weighs steps to offset slowdown in economic recovery

With Congress tied in political knots over whether to take further action to boost the economy, Fed leaders are weighing modest steps that could offer more support for economic activity at a time when their target for short-term interest rates is already near zero. They are still resistant to calls to pull out their big guns — massive infusions of cash, such as those undertaken during the depths of the financial crisis — but would reconsider if conditions worsen.