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Bernanke Avoids Pledging Action Even as Outlook ’Uncertain’

Federal Reserve Chairman Ben S. Bernanke signaled that signs of deeper economic weakness would be needed to justify additional monetary stimulus, even as he said there’s an “unusually uncertain” outlook for growth.

The Fed’s near-zero interest rates and record balance sheet are already “very stimulative,” Bernanke said yesterday in Senate testimony. He outlined possible options “if the recovery seems to be faltering,” including amplifying the commitment to low borrowing costs, while cautioning that officials haven’t fully reviewed the measures.