Bernanke Makes Forceful Case for More Fed Action to Spur Growth
The Federal Reserve chairman, Ben S. Bernanke, delivered on Friday a detailed
and forceful argument for the benefits of new steps to stimulate the economy,
reinforcing earlier indications that the Fed is on the verge of action.
Mr. Bernanke said that the Fed’s policies over the last several years have
provided significant benefits, that a clear need remained for the Fed to do more
and that, in his judgment, the likely benefits of such actions outweighed the
potential costs.
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http://www.nytimes.com/2012/09/01/business/economy/fed-chairman-pushes-hard-for-new-steps-to-spur-growth.html?emc=na
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