Bernanke Gives Push to New Stimulus as Officials Lower Outlook
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Federal Reserve Chairman Ben S. Bernanke signaled additional monetary stimulus may be needed to lower U.S. unemployment as policy makers projected little acceleration in growth after last quarter’s pickup.
Potential actions are “on the table,” including a third round of securities purchases, extending the period of record-low interest rates or being more specific about when rates would rise, Bernanke said at a press conference yesterday after officials met for two days in Washington. Stocks added to gains while the dollar weakened against the euro.