“Bernanke says Federal Reserve ready to further stimulate the economy”
“Federal Reserve Chairman Ben S. Bernanke on Friday laid out a case for the central bank to take further action to bolster growth, citing the risks of prolonged high unemployment and a U.S. economy slipping into a deflationary spiral.
In a much-anticipated speech in Boston, Bernanke did not spell out details of how and when the Fed would take action. But the first option that he mentioned was a program of buying additional assets, namely government bonds, in an effort to drive down long-term interest rates and stimulate economic growth.” Read more.
“Bernanke says Federal Reserve ready to further stimulate the economy”
Don Lee
The Los Angeles Times, October 15, 2010.
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