Related
Fed rate vow signals recovery is a long way off 25/01/2012 20:10 CET
Federal Reserve holds its fire 16/12/2011 20:05 CET
Fed leaves policy unchanged, flags up risks 13/12/2011 21:20 CET
Fed looks set to boost US growth 21/09/2011 15:10 CET
Fed’s outlook for US economy rattles markets 21/09/2011 20:58 CET
The head of the US Federal Reserve has defended plans to buy more government bonds to lower interest rates and boost the recovery.
Ben Bernanke said that fears the move would push up inflation were exaggerated. Several economists and leading Republicans, as well as some top officials within the Fed, believe the bond purchases will have little effect as interest rates are already low, but that it could distort the markets and spark inflation.
Bernanke also indicated that the Fed may spend even more than the 600 billion dollars earmarked for buying government bonds if the economy fails to respond or unemployment stays too high.
More about: Ben Bernanke, Economy, Federal ReserveCopyright © 2012 euronews
Top Stories
UN condemns Syrian government for Houla shelling
Protests have erupted across Syria after Friday’s massacre of at least 100 people, many of them children, in the town of Houla. With international outrage mounting, the UN Security Council unanimously condemned the Syrian government for what it called…
Haneke scoops Cannes Palme d'Or
Austrian director Michael Haneke has won the Cannes film festival’s top prize.
He scooped…
Syrian government blames rebels for Houla massacre
International outrage is mounting over a massacre in Syria that has left more than 100 people…
latest economy news
EU-Argentina trade friction increases- Eurozone citizens back common currency
- Athens stock market plunges
- Euro tumbles on German weakness
- UK economy in worse state than feared
- Foreign investors shun Italy and Spain
- IMF tells Britain ‘must try harder’
- Eurozone is biggest threat to growth: OECD
- UK inflation eases
- Troika checks Portugal’s progress
euronews on facebook
