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Bernanke Downplays Need For New Policy Moves

Wednesday, July 21, 2010 - 8:48 PM
From the WSJ Real Time Economics
Testimony by Federal Reserve Chairman Ben Bernanke  on Wednesday showed a central bank at the crossroads. While the institution believes the economy will continue to recover, policy makers are nevertheless mulling their options should they need to provide additional support if growth again falters.

For those looking for signs of a future rate hike, you will probably be disappointed. In addition to reaffirming the near-zero interest rate for an "extended period", he described the outlook as "unusually uncertain."
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634