Aug. 25 (Bloomberg) -- Goldman Sachs Chief Global Economist Jim OâNeill said a spate of âdisappointingâ U.S. economic reports may prompt the Federal Reserve to embark on a fresh round of quantitative easing. Recent reports on jobless claims and manufacturing point to slower growth in the worldâs largest economy. Sales of existing houses plunged by a record 27 percent in July, figures from the National Association of Realtors showed yesterday. âIf we carry on with data like this, yes, itâs coming,â OâNeill said, referring to quantitative easing. He spoke in an interview on Bloomberg Televisionâs âInsideTrackâ with Deirdre Bolton today. âSeptember might be a little bit soon, but by October I would say for sure if the data carries on being as disappointing as itâs been.â Fed policy makers on Aug. 10 made their first attempt to bolster the economy in more than a year, saying theyâll maintain their holdings of securities at $2.05 trillion to prevent money from draining out of the financial system. The Federal Open Market Committee said in a statement that âthe pace of recovery in output and employment has slowed in recent months.â Fed officials held mixed views of the outlook, according to the minutes of their June meeting. The minutes said âa few participantsâ saw âsome risk of deflation,â while others âthought inflation was unlikely to fall appreciably.â âIf the Fed moves toward more quantitative easing, as I think we will, then financial conditions stay very easy and that gives some support to the U.S., but most importantly,â it bolsters the rest of the world, OâNeill said. http://noir.bloomberg.com/apps/news?pid=20601087&sid=ay7MeBjGTZpU&pos=5 The government = O`Neill has just spoken.