Bernanke Signals QE3 Possible

FOMC statement seen as a sign that more quantitative easing is still an option.

Federal Reserve Chairman Ben S. Bernanke signaled he may expand record monetary stimulus over the most opposition of his tenure to revive the faltering recovery and reduce unemployment stuck around 9 percent.

The central bank said yesterday that officials “discussed the range of policy tools” to strengthen growth and are“prepared to employ these tools as appropriate” while pledging to keep the benchmark interest rate near zero until at least mid-2013. Three policy makers dissented from the decision for the first time since Bernanke, 57, became chairman in 2006.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.