Can the Federal Reserve help the US?
With the US recovery faltering, all eyes are on America's central bank.
The Federal Reserve is due to wrap up a two day interest rate setting meeting on Wednesday.
Financial markets would like the Federal Reserve to announce another round of asset purchases - also known as quantitative easing - to stimulate the economy.
But with the slowdown weighing heavily on President Barack Obama's hopes of re-election, such action would be politically controversial.
Michelle Fleury reports from New York.
01 Aug 2012
- From the section Business