Friday, August 26, 2011

Bernanke gives no hint at additional stimulus

JACKSON, Wyo. -- The recent swings in world financial markets pose risks to growth, Federal Reserve Chairman Ben S. Bernanke said Friday, and the Fed must be “responsive to changes in the economy.” But he offered no hints that any specific action by the central bank is on the way.

Indeed Bernanke did not spell out what any new steps by the Fed to bolster the economy might look like, saying only that the central bank will “employ its tools as appropriate” and adding that the next Fed policy meeting, in September, has been extended from one day to two to allow a fuller discussion of options.
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