July 11, 2013
Federal Reserve Chairman Ben Bernanke said Wednesday that the Fed’s easy-money policy is still necessary, because the jobs market remains weak and inflation remains too low for comfort.
Speaking in Cambridge, Massachusetts, Bernanke also warned that the full impact on the economy of steep government spending cuts initiated in March was yet to be seen, underscoring the need for more Fed support.
“Both the employment side and the inflation side are saying that we need to be more accommodating,” he said, answering questions after a speech.
This article was posted: Thursday, July 11, 2013 at 9:52 am