Saying that a return to recession “doesn’t seem likely”, US Federal Reserve Chairman Ben Bernanke did not however rule out further Fed spending and quantitative easing. Pointing out lagging employment and weaker-than-expected growth, Bernanke made the case for an expansion of the $600 billion bond purchase program revealed last month.
Ã¢â‚¬Å“WeÃ¢â‚¬â„¢re not very far from the level where the economy is not self-sustaining,Ã¢â‚¬Â Bernanke said in an interview broadcast yesterday by CBS Corp.Ã¢â‚¬â„¢s Ã¢â‚¬Å“60 MinutesÃ¢â‚¬Â program. Ã¢â‚¬Å“ItÃ¢â‚¬â„¢s very close to the border. It takes about 2.5 percent growth just to keep unemployment stable and thatÃ¢â‚¬â„¢s about what weÃ¢â‚¬â„¢re getting.Ã¢â‚¬Â
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.