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WASHINGTON - Consensus is built at the Federal Reserve of a new program for pumping the economy through the purchase of the Treasury, obligations.

Fed Chairman Ben Bernanke and his colleagues seem to be closing the idea of their meeting in September, according to minutes of unexpected deliberations were released the mardi.Les economists predict Fed officials approve program meeting November 2-3.

Fed policymakers also spoke at length meeting on 21 September on a strategy to increase spending by people suggest prices might increase in the near future, after expressing concerns that the economy was slower growth that they expect.

While the u.s. Federal Reserve officials did not see economy sliding toward a recession, they feared that it became vulnerable to the "potential adverse impact", according to the minutes .they have raised concerns that unemployment was 9.6% in the last months, would remain high.

Fed officials said they were willing to provide additional relief "before long," according to the minutes .the economists and investors, who took as a sign that they are ready to act.

"The Fed is close to the establishment of a second round" stimulus, Paul Ashworth, an economist at the economic capital, said the minutes showed.

Wall Street was waiting with impatience decision the Federal Reserve to buy debt, officially known as quantitative easing. The minutes of the US Federal Reserve has reported this move is close and all the major indexes.

Fed policy makers did not settle in big how debt purchase should be or how to structure the programme.Ces details are what they are fighting with as prepare them for the November meeting.

The Federal Reserve to purchase aims to lead the interest rates on mortgage loans, business debt and other loans.He hoped that this will stimulate us to boost spending, which could strengthen the economy and ultimately to chip away at stubbornly high unemployment rate.

Public comments by officials of the reserve US Federal since the meeting of 21 September suggests program will be smaller than the one he 1.7 billion dollars to the recession. In this program, the US Federal Reserve has purchased a mixture of mortgage-backed securities and debt.Effort was credited with forcing mortgage rates and support for the housing market is weakening.

Two Fed officials in recent observations suggested that new purchases should not exceed $ 500 billion.

The September meeting, some officials of the US Federal Reserve thought that the economic benefit of buying the debt could be "small".A smaller programme is not expected to lower rates as crisis-era program the Fed, say the économistes.En in addition, there is concern that even cheaper loans will fail to get people and businesses to the crossover of their spending.So far, they have not been sufficient confidence in the economy of their own financial perspective to do so.

Bernanke said last week that another series of purchase of securities would probably help the economy.

So far, five of the 11 reserve Federal members, including Bernanke, voters are bent towards additional assistance or are less open to it.Fed Vice President Janet Yellen, whose functions include the construction of support for the position of Bernanke is likely to vote with the Director of the reserve.Fed governors Kevin Warsh Elizabeth Duke, Daniel Tarullo, Sarah Bloom Raskin also are likely to return Bernanke.Thomas Hoenig, President of the Federal Reserve Bank of Kansas City, however, was the decision of the Federal Reserve, dissident year-round and is likely to oppose additional assistance.

Speaking Tuesday in Denver, Hoenig has said that he is not convinced that the debt more purchases "does not work in the real world."

William Dudley, President of the Federal Reserve Bank of New York, has estimated that a $ 500 billion program would provide the same amount of stimuli as a reduction of half-point or three-quarters to Senior Federal Reserve interest rate.This rate is already close to zero and cannot be further cut.That is why the Fed is weighing buy more debt.

Another option for helping the economy also discussed extensively during the September meeting, according to the minutes lekeage discusses the Fed is trying to raise the expectations of the population where they believe that inflation is headed in the months to venir.Si Fed communicate that it will tolerate a higher than normal inflation, which might make companies feel more inclined to move their prix.Shoppers - thought prices could be increased still further on the road - would be more likely to make purchases more t?t.Qui would raise inflation running now at very low levels.

Such an approach would push "real" or corrected for inflation of low interest rates could encourage more dépenses.Nourris officials at the meeting noted that there are different ways September might attempt to influence the expectations of inflation .a way was to include information in the minutes of the meetings of the Fed in an attempt to shape the expectations about inflation.

It is a controversial idea that Bernanke called "inappropriate" in August, taking into account the current economic circumstances pays.Cependant, at the time he said such an approach "could make sense" If the country was mired in a situation of prolonged deflation that weakened the public trust.

According to the minutes of the US Federal Reserve officials "seen only in small dimensions of deflation."Deflation is generalized decline in prices, wages and stocks and house values.

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