Federal Reserve Chair Ben Bernanke Says Monetary Policy Is Not a 'Panacea'

The U.S. economy is still at risk and the recovery is fragile, but Federal Reserve Chairman Ben Bernanke, testifying on Capitol Hill Thursday, refused to be pinned down on what additional steps can be taken to spur economic growth. Investors are closely watching Bernanke for signs of additional stimulus, or a third round of quantitative easing, known as QE3, to boost the sagging economy. Earlier this week three other Federal Reserve officials said the Fed may need to act to support economic...Full Story
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