Federal Reserve policymakers mulled a fresh round of bond purchases among other tools to ease financial conditions as the economy stumbled, minutes of their September meeting released on Wednesday showed.
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"Most members agreed that the revisions to the economic outlook warranted some additional monetary policy accommodation to support a stronger recovery," the minutes said.
Fed officials discussed easing tools ranging from rebalancing the Fed's portfolio to lengthen its average maturity -- the step they ultimately took -- to providing explicit guidance about their goals for the labor market.
The Fed at its last policy meeting warned of significant risks to the already weak economy and launched a new plan to lower long-term borrowing costs and bolster the battered housing market.Two Fed officials wanted stronger action, while three objected to taking any new measures at all, the minutes said.