Economy

Ghost Dog

(16,881 posts)

68. Bernanke: More easing possible if economy weakens

Wed Jan 25, 2012, 04:59 PM

Jan 2012

(Reuters) - Federal Reserve Chairman Ben Bernanke signaled on Wednesday the U.S. central bank may consider further monetary easing, after the central bank announced interest rates would remain near zero until late 2014.

Bernanke also suggested the Fed might be willing to tolerate inflation above its newly unveiled official target of 2 percent if it means putting a dent in high unemployment.

Speaking at a press conference, Bernanke was cautious about recent improvement in the U.S. economy.

"I don't think we're ready to declare that we've entered a new, stronger phase at this point," Bernanke told reporters.

/... http://uk.reuters.com/article/2012/01/25/uk-usa-fed-idUKTRE80O1DR20120125

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