SUBSIM Radio Room Forums - View Single Post - Fed's Ben Bernanke ready to take action on economy

Gerald · 08-28-10, 10:20 AM

JACKSON HOLE, Wyo. (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth.

Bernanke downplayed concerns that the economy might slip back into recession, predicting a modest expansion in the second half of this year, with the pace picking up in 2011.

If that forecast proves overly optimistic, however, he said the Fed has sufficient ammunition left and could support growth by purchasing more government debt or by promising to keep rates exceptionally low for a longer period than currently priced in by financial markets.

http://feeds.foxbusiness.com/~r/foxb...3/3D0m5EGX3GE/

Note:Published August 27, 2010

08-28-10, 10:20 AM	#11
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Bernanke says recovery softer, Fed to act if needed JACKSON HOLE, Wyo. (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth. Bernanke downplayed concerns that the economy might slip back into recession, predicting a modest expansion in the second half of this year, with the pace picking up in 2011. If that forecast proves overly optimistic, however, he said the Fed has sufficient ammunition left and could support growth by purchasing more government debt or by promising to keep rates exceptionally low for a longer period than currently priced in by financial markets. http://feeds.foxbusiness.com/~r/foxb...3/3D0m5EGX3GE/ Note:Published August 27, 2010 __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie