According to the Wall Street Journal, the possibility of additional stimulus has been put back on the table at the Federal Reserve as fears are renewed about the severity of Europe's sovereign debt crisis and the domestic economy shows signs of slowing down. Moreover, Bernanke may advocate a move this month to avoid a change in policy closer to the November presidential elections.
Tomorrow, meanwhile, is a big day for the Federal Reserve: the Fed's Beige Book comes out while Atlanta Federal Reserve Bank Pres. Dennis Lockhart, San Francisco Federal Reserve Pres. John Williams, andFederal Reserve Vice Chair Janet Yellen will be all giving respective speeches on the economy and monetary policy.