Friday, August 27, 2010

Bernanke: Recovery Slower Than Expected. Fed Prepared to Provide Additional Stimulus if Necessary

In his speech, Fed Chairman Ben Bernanke did not venture too far from recent rhetoric. He addressed the slower than expected pace of economic recovery but called attention to the fact that the world is not coming to an end either. To boost investor confidence, he repeatedly reminded us that the Fed stands at the ready to implement emergency measures if economic conditions do worsen considerably, which he feels is an unlikely event.

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From: http://ping.fm/pGVvE

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