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Bernanke: Recovery “close to faltering”, Fed could act

Posted By admin On October 4, 2011 @ 8:28 am In Tile,U.S. News | Comments Disabled

Prisonplanet comment: Which “recovery” would this be?

Pedro da Costa and Mark Felsenthal
Reuters [1]
October 4, 2011

The Federal Reserve is prepared to take further steps to help an economic recovery that is “close to faltering”, Fed Chairman Ben Bernanke said on Tuesday.

Citing anemic employment, depressed confidence and financial risks from Europe, Bernanke urged lawmakers not to cut spending too quickly in the short term even as they grapple with trimming the long-run budget deficit.

He also made clear the Fed — the U.S. central bank — stands ready to ease monetary conditions further following its launch of a new stimulus measure in September.

“The (Fed’s policy-setting Open Market) Committee will continue to closely monitor economic developments and is prepared to take further action as appropriate to promote a stronger economic recovery in the context of price stability,” Bernanke told the Joint Economic Committee of Congress.

Full article here [1]


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URL to article: http://www.prisonplanet.com/recovery-close-to-faltering-fed-could-act.html

URLs in this post:

[1] Reuters: http://news.yahoo.com/bernanke-says-fed-ready-more-aid-economy-141013583.html

[2] Bernanke to Congress: Fed to Act if US Recovery Stalls: http://www.prisonplanet.com/bernanke-to-congress-fed-to-act-if-us-recovery-stalls.html

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

[4] Bernanke: Fed May Launch New Round of Stimulus: http://www.prisonplanet.com/bernanke-fed-may-launch-new-round-of-stimulus.html

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

[6] 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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