Reinhart Says Failing Fed Should Commit to Stimulus

Federal Reserve Chairman Ben S. Bernanke should assure investors next week that “he’ll do whatever it takes” to stimulate the slowing economy, said Vincent Reinhart, chief U.S. economist at Morgan Stanley.

Bernanke should use his Aug. 31 speech at the Fed symposium in Jackson Hole, Wyoming, to expand his commitment to providing additional accommodation if needed because the central bank is falling short of its mission, Reinhart said in an interview on “Bloomberg Surveillance” with Tom Keene and Sara Eisen.