Bernanke Says Fed Stimulus Still NeededSubmitted by emalvini on Thu, 07/11/2013 - 11:26
Bernanke Says Fed Stimulus Still Needed
July 11, 2013 | 02:01
Federal Reserve Chairman Ben Bernanke said Wednesday that the Fed's easy-money policy is still necessary, because the jobs market remains weak and inflation remains too low for comfort.
Speaking in Cambridge, Massachusetts, Bernanke also warned that the full impact on the economy of steep government spending cuts initiated in March was yet to be seen, underscoring the need for more Fed support.