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Fed’s Bernanke Indicates Economic Stimulus Likely
Federal Reserve Chairman Ben Bernanke says the central bank's bond-buying programs have provided "meaningful support" to the economic recovery.
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Federal Reserve Chairman Ben Bernanke says the central bank's bond-buying programs have provided "meaningful support" to the economic recovery. He signaled that further such purchases are likely.
Speaking at the Fed's annual conference in Jackson Hole, Wyo., Bernanke says the central bank's $2.3 trillion of bond purchases since 2008 have preserved or created 2 million jobs.
Economists say his remarks solidified expectations that the Fed will decide perhaps as soon as the Sept. 12-13 meeting of its policy makers to resume pumping liquidity into the financial system via bond purchases.
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