US Federal Reserve chairman Ben Bernanke used a meeting of central bankers at Jackson Hole, Wyoming to reveal four “unconventional” policy options the Fed could use to lift the US economy out of the doldrums. The first move planned by the Fed is to return to a more aggressive form of quantitative easing by purchasing more debt.
Bernanke noted that the Fed has “the tools to help support economic activity
and guard against disinflation”, but each policy option contains its own form of risk and would be used only if the outlook worsened further.
Source: BBC News
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