Ben Bernanke Favors Continuance Of Fed’s Stimulus

Federal Reserve Chairman Ben Bernanke indicated the U.S. economy still needs low interest rate policies, amid high unemployment and low inflation.

Bernanke called for maintaining highly accommodative policy for the foreseeable future during the National Bureau of Economic Research conference.

Interestingly, Bernanke’s comments came yesterday soon after the central bank released minutes of the June 18-19 meeting wherein nearly half of the 19 participants in the Federal Open Market Committee favored a halt to $85 billion monthly purchase program by year end.

Ben...

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