Fed weighs options to revive economy

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- Analysts aren't expecting any big rate decisions out of this week's Federal Reserve meeting.

That's because Fed Chairman Ben Bernanke and his colleagues already have slashed a key bank lending rate to a record low. Economists expect the Fed to leave that rate near zero at this week's meeting and probably through the rest of the year.

Federal policymakers at the two-day meeting will be weighing whether to launch new programs or expand existing ones to spur lending, get Americans spending again, and lift the country out of recession.

But the Fed is mindful of the inflation risks that could come from pumping more money into the economy, bailing out financial institutions and leaving a key rate near zero for too long.

Economists expect the Fed to hold policy actions in reserve in case the economy or financial markets take a turn for the worse.

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