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Bernanke Says Economy Far From Recovering Full Strength
Posted By kurtnimmoadmin On February 15, 2013 @ 1:46 pm In Economic Crisis | Comments Disabled
Feb 15, 2013
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is far from operating at full strength and reiterated his commitment to record easing.
“With unemployment at almost 8 percent, we are still far from the fully healthy and vibrant conditions that we would like to see,” Federal Reserve Chairman Ben S. Bernanke said. Photographer:
The U.S. central bank has faced criticism from some foreign officials, including Brazilian Finance Minister Guido Mantega, who in October said that its accommodation has weakened the dollar, threatening to fuel a “currency war” of competitive devaluations. The Fed under Bernanke has expanded assets to a record exceeding $3 trillion and pushed down the benchmark interest rate close to zero.
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