Bernanke: Fed will do more if needed
The Fed Will it adopt new stimulus package? The speech by Ben Bernanke, chairman of the U.S. central bank, was eagerly awaited by the markets. The central banker acknowledged that growth had slowed more than expected. But he felt that the time was not immediately put in place new emergency measures. Without excluding the possibility for the future.
The situation has worsened, Bernanke acknowledged at the annual economic symposium in Jackson Hole, Wyoming, which meets every year members of the Fed."In general, the economic data suggest that the recovery of activity and employment has slowed in recent months" to fall "at a pace somewhat slower than anticipated in the Most leaders, "he said.
But for now, the risk of falling into deflation, the dreaded cocktail of low inflation and sluggish growth is "weak", said the central banker payday loans in one hour. Conversely, he noted that inflation had slowed more slowly than expected, while refuting the scenario of a price spike. Ben Bernanke has finally reiterated his confidence in the U.S. economy. After a slow recovery in the second half of 2010, growth should improve in 2011.
In this context, "the committee (monetary policy) is ready to implement further monetary easing through unconventional measures, if necessary, especially if the outlook were to deteriorate significantly," he said . Analysts will have to wait for the next meeting of the Board of Governors, September 21 next, whether the Fed will increase its stimulus.
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