Tags: US | Bernanke

Bernanke: Fed Will Take Action If Economy Falters

Friday, 27 Aug 2010 10:11 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Federal Reserve Chairman Ben Bernanke says the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.

Bernanke's remarks, prepared for delivery to a conference here, came 90 minutes after the government said the economy slowed sharply in the second quarter to a 1.6 percent pace.

Fears are growing that the country could lapse back into a recession. The Fed chief stops short of committing to any specific action. He raises the prospect of another Fed purchase of securities, most likely government debt or mortgage securities, to drive down rates on mortgages and other debt to spur more spending by Americans.

Bernanke describes the economic outlook as "inherently uncertain" and says the economy "remains vulnerable to unexpected developments."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

To Fight Crime, Chicago Tries Wiping Away Arrests

Tuesday, 22 Jul 2014 14:58 PM

Desperate to curb the gun violence wracking their city, Chicago lawmakers are leading the way toward a counterintuitive  . . .

Mysterious White Flags Appear Atop Brooklyn Bridge

Tuesday, 22 Jul 2014 13:40 PM

Someone has replaced two American flags on the Brooklyn Bridge with mysterious white flags.The white flags - internation . . .

Pew: Young Liberals Losing Faith in Government and God

Tuesday, 22 Jul 2014 12:06 PM

Today's millennials lean left but distrust government, marking a political opportunity to cull their support, which is m . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved