Bernanke: Fed Prepared To Do More For Economy

U.S. Federal Reserve Chairman Ben Bernanke attends the International Monetary and Financial Committee (IMFC) meeting during the spring IMF-World Bank meetings in Washington April 21, 2012. REUTERS/Yuri Gripas

WASHINGTON –

As many analyst’s predicted, Federal Reserve Chairman Ben S. Bernanke said the central bank is ready to take additional action if needed to boost the economy, after leaving its policy unchanged today.

“We remain prepared to do more as needed to make sure that this recovery continues and that inflation stays close to target,” he said at a press conference following a meeting of the Federal Open Market Committee in Washington.

The Fed’s policy panel reiterated its expectation that rates would not rise until late 2014 at the earliest. It took no action to change monetary policy now.

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Posted by WoodlawnPost on Apr 26 2012. Filed under Banking, Business, Global Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

1 Comment for “Bernanke: Fed Prepared To Do More For Economy”

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May 26, 2012 - 1:39 am

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