Bernanke Refuses to Rule Out More Easing
Federal Reserve Chairman Ben Bernanke is keeping the door open to further monetary stimulus. In a widely anticipated speech today in Jackson Hole, Wyo., Bernanke made clear that he has heard the concerns of hawks who say that easier money could cause inflation or asset bubbles. But he said—according to the text of his 24-page speech released in Washington—that “the costs of nontraditional policies, when considered carefully, appear manageable.”
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