BOSTON (Reuters) – Federal Reserve Chairman Ben Bernanke said on Friday that high unemployment and low inflation point to a need for a further easing of U.S. monetary policy, but he offered no details on the central bank’s next step.
“There would appear — all else being equal — to be a case for further action,” Bernanke said at a conference sponsored by the Boston Federal Reserve Bank.
He said a prolonged period of high unemployment could pose a risk to the recovery’s sustainability and said the low level of inflation meant the risk of a dangerous downward slide in prices was greater than desirable.
However, he said policymakers were still weighing how aggressive they should be.
Full story: Bernanke sees case for more Fed easing – Yahoo! Finance