Central bank stands ready to take more action to boost recovery, Fed chairman says.
By Joshua Zumbrun and Craig Torres, Bloomberg|July 17, 2012 at 07:08 AM|Originally published on Treasuryandrisk.Com
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Federal Reserve Chairman Ben S. Bernanke said progress in reducing unemployment is likely to be “frustratingly slow” and repeated the Fed is ready to take further action to boost the recovery, while refraining from discussing specific steps.