Bernanke: Fed Ready to Take Action “If Needed”

Testifying before the Senate Banking Committee late yesterday afternoon, Federal Reserve Chairman Ben Bernanke described the next six months as “unusually uncertain”. Despite the uncertainty, Bernanke said that the Fed still expects sustained positive growth but the agency is prepared to take action if needed.

“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.

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