“The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support,” Bernanke told the House Financial Services Committee in Washington today. The Fed “remains prepared to respond should economic developments indicate that an adjustment of monetary policy would be appropriate.
The comments are Bernanke’s first since a government report on July 8 showed employers added 18,000 jobs in June, less than the most pessimistic forecast in a Bloomberg News survey of economists. Bernanke said “disappointing” job growth in May and June was partly a result of temporary effects, such as high energy prices, and he predicted in response to a question that the pace of economic expansion would accelerate above 3 percent in the second half of 2011.
“Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation,” Bernanke said in his prepared remarks. He also said that “the economy could evolve in a way that would warrant a move toward less-accommodative policy.” Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
us stock
- U.S. Stock Futures news today february 14 2013
- U.S. stocks market rose today Rise on Earnings
- Barack Obama invited congressional leaders to the White House a last-ditch effort to broker a deal
- NASDAQ, Dow Jones, S&P Analysis today dec 27 2012
- Chart S&P 500 price target forecast 2013
- Impact U.S. budget crisis stock market drop
- U.S. stock Dow Jones futures Down today
- Analysis Stock market down november 15 2012
- U.S. stock futures Dow Jones rose november 12 2012
- analysis S&P 500 index next week nov 12-16 2012
- Why Stocks market and dollar down after obama win
- Hurricane Sandy will close U.S. stock markets
- Stock market will focus US election next week october 29 2012
- Why Wall Street Stock down october 17 2012
- Impact U.S. Presidential election on financial market november 2012
- U.S. stock futures ahead of payrolls report 10/5/2012
- U.S. stock futures Dow Jones up 9/28 2012
- Dow jones futures outlook september 12 2012
- U.S. stock Dow Jones futures higher september 11 2012
- US. Stocks Market closed september 4 2012
- US. Stock futures higher wait Bernanke speech 8-31-2012
- US Stock Dow jones Futures Down 8/30/2012
- U.S. Stocks Movers 8/27/2012
- US. Stock dow jones futures fell 8/27/2012
- S&P 500 outlook next week august 27-31 2012
No comments:
Post a Comment