While you were sleeping: Bernanke's stimulus hedge

Tue, 17 Jul 2012

By Margreet Dietz July 18 (BusinessDesk) - US Federal Reserve Chairman Ben Bernanke's testimony to Congress provided little in the way of new details about plans to stimulate the pace of recovery. Even so, investors took solace in Bernanke's comments that policy makers were ready to act if needed. The Fed chairman cited the euro-area fiscal and banking crisis, and the US fiscal situation as the two main sources of risk to economic growth. The lack of enough new jobs remains a key source of concern, which means "the reduction in the unemploym...

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