Bernanke Refuses to Rule Out More Easing

Leaves open door to more stimulus
Ben Bernanke, chairman of the U.S. Federal Reserve, center, arrives for an opening dinner and reception at an economic symposium sponsored by the Kansas City Federal Reserve Bank at the Jackson Lake Lodge in Moran, Wyo. Photograph by Travis J. Garner/Bloomberg

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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