Marketplace Morning Report for Tuesday, August 14, 2012
There are really two camps of people at the Federal Reserve: Those who think we should be doing a lot more stimulus monetarily, and focused on that employment mandate that the Fed has; And those who are worried more about inflation, and don't want the Fed to be expanding its balance sheet. One person who thinks there should be more stimulus is a guy named Eric Rosengren, president of the Federal Reserve Bank of Boston. And the official price tag for the London Olympics is about $15 billion. And while some tally up the benefits, some small business owners in London are seeing red.