Bernanke: Actions Taken are to Quicken Recovery

Updated Saturday, May 18, 2013 as of 1:29 AM ET

SEND ME THE PRINT EDITION

SEND ME ELECTRONIC NEWSLETTERS & ALERTS

BREAKING NEWS:

05:06PM ETBNY Mellon Wealth Management Adds Sales Director in NY
12:36PM ETIRI Audience Warned on Advisor Shift
09:26AM ETSenate Examines Small-Biz Tax Reform
08:57AM ETETF Gives Chinese Investors Access to U.S. Securities
08:53AM ETGoldman Joins Bulge Brackets Offering Retail Alt Funds
08:51AM ETNeuberger Berman Readies Emerging Markets Income Fund
08:50AM ETMorningstar: Mutual Fund Inflows Moderate

Portfolio - Investment Insights

Bernanke: Actions Taken are to Quicken Recovery

by: Gary Siegel

Friday, September 14, 2012

Reprints

The Federal Open Market Committee's actions Thursday were designed to "quicken recovery," and will be removed before the nation reaches full employments, according to Federal Reserve Board Chairman Ben Bernanke.

"We need to see . more progress," He added.

Responding to questions, Bernanke said the FOMC isn't seeking to raise inflation and the panel still expects, after QE3 inflation will remain close to the 2% Fed target.

He reiterated the Fed's actions provided "real benefits," but the Fed alone can't solve the nation's problems.

Investment Insights