Saturday, October 16, 2010
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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