Federal Reserve Wants More Quantitative Easing

US Federal Reserve Chairman Ben Bernanke has paved the way for a new round of quantitative easing, saying more action is necessary to aid the struggling US economy.

"There would appear, all else being equal, to be a case for further action," the state-run BBC quoted Bernanke as saying on Thursday.

The US central bank is likely to support a move to acquire US government bonds in order to lower borrowing costs at its next meeting on November 3.'

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