Editorial Board
The Key to a Stronger Recovery: A Bolder Fed
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In testimony to Congress on Thursday, Federal Reserve Chairman Ben S. Bernanke was careful not to commit himself to further monetary stimulus. We’re thinking about it, he said, presenting a minutely evenhanded review of the arguments for and against.
The Fed ought to get off the fence. At the next meeting of its policy-making committee on June 19-20, Bernanke and his colleagues should decide on a new program of monetary easing.