Ben Bernanke needs fresh monetary blitz as US recovery falters

One does not ascend to the position of Chairman and members of the board without an understanding of economic history. What is implied can be best characterized as pick your poison. Choose devaluation and reduced purchase power for everyone using fiat money, or risk an intensified economic contraction that will send real, not statistically massaged, unemployment to level not seen since the Great Depression.

Unemployment Rate:

Key members of the five-man Board are quietly mulling a fresh burst of asset purchases, if necessary by pushing the Fed's balance sheet from $2.4 trillion (£1.6 trillion) to uncharted levels of $5 trillion. But they are certain to face intense scepticism from regional hardliners. The dispute has echoes of the early 1930s when the Chicago Fed stymied rescue efforts.

Source: telegraph.co.uk