Tags: US | Bernanke

Bernanke: Fed Will Take Action If Economy Falters

Friday, 27 Aug 2010 10:11 AM

 

  Comment  |
   Contact  |
  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 This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  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:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Farmers Brace for Labor Shortage Under Obama Amnesty Policy

Sunday, 28 Dec 2014 12:00 PM

Farmers already scrambling to find workers in California - the nation's leading grower of fruits, vegetables and nuts -  . . .

Arizona Police Officer, Suspect Killed in Shootout

Saturday, 27 Dec 2014 21:07 PM

 . . .

Governors Urge 94-year-old Man's Extradition to Wyoming

Saturday, 27 Dec 2014 20:40 PM

The governors of Wyoming and Michigan are trying to speed up extradition of a 94-year-old Michigan man investigators say . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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