The New York Times
Fri, August 27, 2010 -- 10:00 AM ET
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Bernanke Signals Stepped-Up Efforts to Spur Economy
The Federal Reserve chairman, Ben S. Bernanke, gave his
strongest indication yet on Friday that the central bank was
ready to resume huge purchases of longer-term debt, and was
determined to prevent the economy from slipping into a cycle
of falling prices.
While Mr. Bernanke emphasized that deflation was "not a
significant risk for the United States at this time," he said
the Fed "will strongly resist deviations from price stability
in the downward direction." It was his most robust statement
to date that the Fed would do its part to avoid a
Japanese-style deflation from taking hold.
Read More:
http://www.nytimes.com/2010/08/28/business/economy/28fed.html?emc=na
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