 | | An “unusually uncertain” economic outlook
Ben Bernanke, US Federal Reserve Chairman, indicated during last month’s Senate testimony that the economic outlook was “unusually uncertain”. However he did not offer further stimulus measures, noting that low interest rates and the expansion of the Fed. balance sheet already provided supportive conditions. The US Federal Reserve, though prepared to inject additional funds into the economy, seem to be waiting to observe the full extent of the current dip in growth before taking any action. (...)
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