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Fed signals readiness to help juice the economy
 
Federal Reserve Chairman Ben Bernanke: Despite the Fed's purchase of some $2 trillion in Treasuries, the economy remains sluggish.
Federal Reserve Chairman Ben Bernanke: Despite the Fed's purchase of some $2 trillion in Treasuries, the economy remains sluggish.
Alex Wong/Getty Images

In highly anticipated remarks at the Jackson Hole economic summit in Wyoming, Federal Reserve chairman Ben Bernanke said Friday that the central bank plans to be "forceful... in supporting a sustainable recovery" in the U.S. as the European financial crisis and looming budget cuts and tax hikes threaten to drag the economy down further. "We must not lose sight of the daunting economic challenges that confront our nation," Bernanke said. "The Federal Reserve has acted to support economic growth and foster job creation, and it is important to achieve further progress." Bernanke did not hint that any specific action was imminent, and he isn't expected to announce any new policies Friday.

 

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