Only a few months ago, the Journal Sentinel editorialized that the Fed might need to raise interest rates.
It's good to see the Board has now recognized that the economy is in trouble and that the unemployed need additional assistance.
Extending unemployment benefits will help the long term unemployed and stimulate the economy.
Now the board should turn its attention to the twenty five states, including Wisconsin, that are facing budget deficits. These states also need federal assistance. Otherwise they will be forced to cut spending to balance their budgets which will only deepen the nation's economic malaise.
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