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Bernanke to Congress: Fed to Act if US Recovery Stalls

Posted By admin On July 22, 2010 @ 10:18 am In Money Watch | Comments Disabled

Reuters [1]
July 22, 2010
The Federal Reserve stands ready to ease monetary policy further if the budding U.S. economic recovery withers [2], Fed Chairman Ben Bernanke said Wednesday, describing the outlook as “unusually uncertain.”

Policymakers, however, still expect growth to be sustained despite a recent softening in the economy, Bernanke said in congressional testimony, playing down the risk of renewed recession and the possibility of deflation.”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,” he told the Senate Banking Committee.

Nonetheless, Bernanke said the U.S. central bank was continuing “prudent planning for the ultimate withdrawal of monetary policy accommodation.”

Full article here [1]

Bernanke to Congress: Fed to Act if US Recovery Stalls 270510banner2 [3]

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URLs in this post:

[1] Reuters: http://www.cnbc.com/id/38358983

[2] if the budding U.S. economic recovery withers: http://www.cnbc.com/id/38358870/

[3] Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502

[4] Bernanke’s False Recovery: http://www.prisonplanet.com/bernankes-false-recovery.html

[5] Fed Stimulus Still Needed to Help Recovery, Bernanke Says: http://www.prisonplanet.com/fed-stimulus-still-needed-to-help-recovery-bernanke-says.html

[6] Bernanke: Recovery “close to faltering”, Fed could act: http://www.prisonplanet.com/recovery-close-to-faltering-fed-could-act.html

[7] Bernanke sees U.S. recovery beginning in 2010: http://www.prisonplanet.com/bernanke-sees-us-recovery-beginning-in-2010.html

[8] Does Bernanke Look Like a Man Who is Confident About the State of the Economy and the Prospects for Recovery?: http://www.prisonplanet.com/does-bernanke-look-like-a-man-who-is-confident-about-the-state-of-the-economy-and-the-prospects-for-recovery.html

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