View Single Post
Old 08-27-10, 02:05 PM   #1
Gerald
SUBSIM Newsman
 
Gerald's Avatar
 
Join Date: May 2008
Location: Close to sea
Posts: 24,254
Downloads: 553
Uploads: 0


Fed's Ben Bernanke ready to take action on economy

Federal Reserve chairman Ben Bernanke has laid out four "unconventional" policy options to boost the US economy.

Top of the list is more "quantitative easing" - mass purchases of debt.

Speaking to fellow central bankers at the annual Jackson Hole symposium in Wyoming he said the recovery had slowed to "a pace somewhat weaker" than forecast.

Hours earlier economic growth for April to June was revised to an annualised rate of 1.6%, down from 2.4%.

http://www.bbc.co.uk/news/business-11114315



Note: 27 August 2010 Last updated at 16:21 GMT
__________________
Nothing in life is to be feard,it is only to be understood.

Marie Curie





Gerald is offline   Reply With Quote