Buckle up…
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Fed’s Bernanke signals new round of quantitative easing
US Federal Reserve Chairman Ben Bernanke has opened the way to a new round of quantitative easing.
“There would appear, all else being equal, to be a case for further action,” he said, in a speech to the Boston regional federal reserve.
The US central bank is expected to back a move to buy up US government bonds in order to lower borrowing costs at its next meeting on 3 November.
Mr Bernanke said unemployment and low inflation lay behind his view.
However, some colleagues at the Fed have expressed much more hawkish views, and Mr Bernanke was careful not to pre-empt the decision of the rate-setting committee due next month.
myBlessedHope 