The United States Federal Reserve will try to push borrowing costs even lower if the job market continues to languish, Fed Chairman Ben Bernanke said, offering his clearest blueprint yet for possible additional monetary easing.
US Federal Reserve chairman Ben Bernanke has warned that the outlook for the US economy remains “unusually uncertain”. In testimony before the Senate Banking Committee, Mr Bernanke said record low interest rates would still be needed to support economic recovery.
Lending to small businesses inn the United States is declining, thus making it more difficult to come to grips with the persistent problem of high unemployment, admitted Federal Reserve Chairman Ben Bernanke.
Federal Reserve Chairman Ben S. Bernanke said a failure to reduce the federal budget deficit may push up interest rates over time and impair economic growth, putting the recovery at risk.