The Fed is due to start a two-day policy meeting today but is deeply divided about what to do...

|By:, SA News Editor

The Fed is due to start a two-day policy meeting today but is deeply divided about what to do next against the background of stubbonly higher unemployment and inflation of 3.9%. Three hawks reckon the Fed has already done too much while two doves believe it needs to do more, including tolerating even higher prices.