Courtesy of Lee Adler of the Wall Street Examiner
WASHINGTON — The Federal Reserve chairman, Ben S. Bernanke, said Thursday that the Fed remained relatively optimistic about the health of the domestic economy, and he gave no indication that the Fed is planning new measures to bolster growth.
The pace of growth remains lackluster at best, and Mr. Bernanke said widespread pessimism continued to restrain spending, amid worries about the stability of the European financial system and the chaotic state of domestic fiscal policy.
But his overall assessment was little changed from his last public remarks on the state of the economy more than a month ago. “Economic growth appears poised to continue at a moderate pace of over coming quarters, supported in part by accommodative monetary policy,” he said in prepared remarks for the Congressional Joint Economic Committee.
via No Hints From Bernanke of New Stimulus – NYTimes.com.
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