Thursday, July 22, 2010

Bernanke discusses the Fed's stance on economic uncertainty

Ben Bernanke, chairman of the Federal Reserve, said the central bank is prepared to stimulate growth if the U.S. economy deteriorates, but officials are also ready to increase interest rates and rein in its balance sheet. "We will continue to carefully
assess ongoing financial and economic developments, and we remain prepared to take further policy actions as needed to foster a return to full utilization of our nation's productive potential in a context of price stability," Bernanke told the Senate banking committee. Bloomberg

No comments:

Post a Comment