Set to Address Congress Today, Bernanke Sounds Cautionary Notes

by Benjamin Domenech on 7:25 am July 21, 2009

“Overall, the Federal Reserve has many effective tools to tighten monetary policy when the economic outlook requires us to do so. As my colleagues and I have stated, however, economic conditions are not likely to warrant tighter monetary policy for an extended period.” One that seems to be getting longer by the day.

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