FED MUM ON TIMING OF MORE CHEAP MONEY

The U.S. Federal Reserve has said repeatedly that it and Congress will need to do more stimulus lending and spending to ensure an economic recovery, but the Fed has said nothing about when the additional stimulus might be needed.
Officials have said only that more explicit comments on timing will be “appropriate at some point,” according to the minutes of the Fed’s 28-29 July meeting, which were released on 19 August.
Fed officials are leaving the timing open while they watch the recovery unfold and they work to build consensus about what to do, when, and under what circumstances, analysts believe.
The Fed already has launched an array of lending programs to shore up the economy, from the small business sector to the junk bond market and also has made loans to central banks of other countries.