Obama and the US economy: Plan coming?
U.S. President Barack Obama at the White House March 11, 2011 in Washington, DC. Obama held a news conference to discuss the rising energy prices and other issues.
Is the White House cooking up something on the U.S. economy?
There is some speculation that Obama is preparing an announcement on the economy — perhaps that he will call Congress back into session from its August recess to pass job-creation legislation. The White House laughed off such a proposal in yesterday's press briefing, but has been facing mounting criticism from both Democrats and Republicans to take more of a leadership role on the economy.
Meanwhile, the Federal Reserve Open Market Committee is meeting today in Washington. The group is putting out a statement today at around 2:15pm eastern.
Are we in for another round of quantitative easing, also known as QE3?
Stay tuned.
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