8/26/2011

Are Bernanke, Fed Out of Ideas To Boost Economy?

Posted by Brian
h/t Drudge Report
Bernanke proposes no new steps to boost economy
Bernanke proposes no new steps to boost economy but hints Congress should help
Paul Wiseman and Martin Crutsinger, AP Economics Writers, On Friday August 26, 2011, 12:06 pm

JACKSON HOLE, Wyo. (AP) -- Federal Reserve Chairman Ben Bernanke signaled Friday that Congress must do more to promote hiring and growth, or risk delaying the economy's return to full health.

Bernanke proposed no new steps by the Fed to boost the economy. But at a time when Congress has been focused on shrinking long-run budget deficits, he warned lawmakers not to "disregard the fragility of the current economic recovery."
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