Today the Federal Reserve Bank is scheduled to meet. According to the Reuters news agency, additional monetary stimulus will be side-stepped due to economic recovery in the United States. Some Federal Reserve decisions can be short lived in order to adapt monetary policy to changes in the economy.
The Federal Reserve Board has a number of credit and liquidity programs such as central bank liquidity swaps that it uses to achieve monetary goals such as international banking regulation. Alternative monetary tools used by the Federal Reserve include partially undisclosed lending programs per Bloomberg. Moreover, even if direct economic stimulus is not implemented, this does not necessarily mean action via these alternative programs will not take place.
• U.S. Treasury: Government overspent in November by $137.3 billion
• Bloomberg: Gingrich spending plan calls for $1.3 in deficit spending
• U.S. Census: $399.3 billion in November retail sales; short of expectations
• NFIB: Small business optimism about capital outlays increased
• Bloomberg via FP: Forecasters predict drop in the Euro to $1.3145
• NYT: Occupy movement and others advocate 'Robin Hood Tax'
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