Keeping His Promise, Bernanke Says Fed "Will Do All That It Can" To Boost 
Economy

The U.S. economy "remains vulnerable to unexpected developments" and growth is 
"less vigorous than we expected," Ben Bernanke said Friday at the Fed's annual 
Jackson Hole confab.

As a result, the Fed "will do all that it can" to support the economy, he said, 
including "provide additional monetary accommodation through unconventional 
measures if its proves necessary."

At the top of Bernanke's ‘tool box' are "additional purchases of longer-term 
securities," including Treasuries and mortgage-backed securities. 

In sum, Bernanke defended the Fed's Aug. 10 decision to start buying Treasuries 
again and pledged to do more, if necessary, to boost the economy. 


source: http://marketpin.blogspot.com/


      


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