Bernanke Says Fed May Boost Economy
By Susanna Kim
August 31, 2012
Chairman Ben Bernanke defended the Federal Reserve’s past stimulus actions in a speech on Friday morning, saying its actions “can be effective” and more of them may be on the way.
Bernanke’s keynote speech at the Federal Reserve of Kansas City’s Economic Symposium in Jackson Hole, Wyo. was closely watched by investors for clues of additional stimulus in the form of quantitative easing, which at its simplest level aims to increase the monetary supply after the central bank buys government securities.
Though Bernanke did not announce any new Federal Reserve policies or strategies, he made clear the central bank would be open to additional action in the future.