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High-ranking officials with the U.S. Federal Reserve hold contrary views as to whether the institution they serve ought to intervene with additional rounds of monetary stimulus to spur the globe's largest economic system, according to Bloomberg.

Charles Evans, president of the Chicago Fed, said during a New York speech on Tuesday that "extremely strong accommodation" is necessary. Dallas Fed president Richard Fisher indicated that further rounds of easing by the central bank buying debt would be "pushing on a string". St. Louis Fed president James Bullard said now is not the time to change policy.

U.S. Federal Reserve chair Benjamin S. Bernanke said this past April that the central bank might have to implement additional easing if the nation's unemployment rate does not ease. He is scheduled to testify on Capitol Hill about the state of the U.S. economy on Thursday, according to Reuters.

Janet Yellen, vice chair of the U.S. Federal Reserve is scheduled to deliver a speech in Boston on Wednesday eve, which might be an opportunity for her to chime in on the matter.

The policy making arm of the central bank committed to keep interest rates near zero through late 2014 as a measure of aiding the economic recovery.

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