Fed to Mull Recession Resurrection

WASHINGTON (AP) — Federal Reserve policymakers are gathering to examine ways to lift the country out of financial and economic turmoil as Americans fume over the government’s handling of AIG’s bailout.

Fed Chairman Ben Bernanke and his colleagues open a two-day meeting Tuesday afternoon, where they also will take fresh stock of financial and economic conditions. They are all but certain to leave a key bank lending rate at a record low to try to brace the economy, which has been stuck in a recession since December 2007.

Fed officials meet as public outrage over government bailouts of financial institutions such as American International Group Inc. has swelled.

Leave a Reply

Your email address will not be published. Required fields are marked *

Before you post, please complete the prompt below.

Is water a solid or a liquid at room temperature?