Two Fed Officials Speak Out Against Stimulative Action

Additional asset purchases by the Federal Reserve to stimulate a sluggish U.S. economy aren't "a foregone conclusion" and the topic will be subjected to vigorous debate and discussion by central-bank officials, some Fed officials indicated Thursday. Dallas Fed President Richard Fisher said news reports suggesting that the Fed is likely to launch a new round of buying medium- and longer-term fixed-income securities to push down yields and cheapen borrowing costs for households and companies are inaccurate. Read the complete article in the Wall Street Journal here.