Bernanke: Fed Prepared To Do More For Economy
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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