Fed Considers Other Tools to Fix Economy

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Fed Chairman Ben Bernanke and his colleagues resumed their two-day meeting Wednesday morning, and at its conclusion this afternoon they are all but certain to leave a key interest rate at a record low to provide relief.

With the country reeling from a recession, Federal Reserve policymakers are weighing what other tools they can use to brace the economy.

Fed Chairman Ben Bernanke and his colleagues resumed their two-day meeting Wednesday morning, and at its conclusion this afternoon they are all but certain to leave a key interest rate at a record low to provide relief.

"They will hold rates down for a good long time and do everything they can to turn the economy around," said Bill Cheney, chief economist at John Hancock Financial Services.

At the same time, the Fed could unveil new actions -- or provide more clues as to its thinking -- to deal with stubborn housing, credit and financial crises.

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