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Central bank stands ready to take more action to boost recovery, Fed chairman says.
With high U.S. unemployment and financial stress in Europe, the Fed is expected to move toward a risk management strategy.
Policy makers could shift to risk management strategy as downside risks increase.
Treasury Secretary said to ask bankers for specific Dodd-Frank complaints.
Central bank expects continued high unemployment, subdued inflation.
Policy makers could decide to lengthen maturity of Fed portfolio at September meeting.