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Monday, April 16, 2012

Weak Job Numbers Raise Pressure on Fed to Consider New Stimulus

Disappointing jobs data is driving fresh speculation over whether the Federal Reserve might take extra moves to boost the economy.

If recent reports are an indication that the economy may be losing steam, the central bank could feel compelled to act with another policy move that could boost markets but also expose it and its chairman, Ben Bernanke, to even more political scrutiny.

The Labor Department reported earlier this month that the economy added just 120,000 jobs in March, well below expectations and snapping a three-month streak of strong job gains.

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