Far less is dedicated to solving transportation bottlenecks in the suburbs.
Although the monetary damage was less this time, the transportation bottlenecks caused may have an equal impact.
The central bank's actions come as shortages of critical commodities and increasingly severe transportation bottlenecks are starting to push up inflation in China.
It would create a new $10-billion 10-billion program to address freight transportation bottlenecks that experts say impede U.S. competition in the global economy.
Many industry experts say the worst problems are temporary and have been intensified by transportation bottlenecks in getting ethanol from the heartland to the coasts, where it is needed most.
"The transportation bottlenecks will make the inflation situation worse," at least for the May inflation statistics to be released soon, said Jing Ulrich, the chairwoman of China equities at JP Morgan in Hong Kong.
Growth slowed in Silicon Valley's job market last year, even as housing shortages and transportation bottlenecks became worse for the region that is often held out as the world's model for economic development.
President Dilma Rousseff announced a nearly $66 billion investment package on Wednesday to beef up the nation's ailing road and rail systems, part of efforts to solve serious transportation bottlenecks and spur a sputtering economy.
Coverage on A1, D1, D6, D7, D8, B1 BUSINESS DAY C1-12 Slowdown in Silicon Valley Growth slowed in Silicon Valley's job market last year, even as housing shortages and transportation bottlenecks became worse for the region that is often held out as the world's model for economic development, says a report to be released today.
White House officials said the president's proposal envisioned a pool of some two million barrels of oil drawn from existing federal oil stockpiles, to be stored at existing facilities in the Northeast so that they could be released during shortages or to deal with transportation bottlenecks.
