FED'S BERNANKE - RECOVERY FROM CRISIS MUCH LESS ROBUST THAN HOPED
DATA SUGGEST MORE PERSISTENT DRAGS, NOT JUST TEMPORARY FACTORS, RESTRAINING GROWTH
FED TO MEET FOR TWO DAYS INSTEAD OF ONE IN SEPTEMBER TO CONSIDER TOOLS TO PROVIDE ADDITIONAL MONETARY STIMULUS, OTHER ISSUES
BERNANKE FED PREPARED TO EMPLOY TOOLS AS NEEDED TO PROMOTE STRONGER RECOVERY
BERNANKE REPEATS FED HAS RANGE OF TOOLS TO PROVIDE MORE ECONOMIC STIMULUS, DISCUSSED THOSE TOOLS AT AUGUST MEETING
FED HAS MARKED DOWN ITS OUTLOOK FOR GROWTH OVER COMING QUARTERS
EXPECT INFLATION TO SETTLE AT LEVELS AT OR BELOW 2 PCT, OVER COMING QUARTERS
FINANCIAL STRESS CONTINUES TO BE SIGNIFICANT DRAG ON ECONOMY AT HOME AND ABROAD
ECONOMIC HEALING WILL TAKE A WHILE, WILL NEED TO REMAIN ALERT TO RISKS TO RECOVERY, INCLUDING FINANCIAL RISKS
GIVEN HIGH LONG-TERM UNEMPLOYMENT, POLICIES PROMOTING STRONGER RECOVERY IN NEAR TERM WILL AID LONGER-TERM ECONOMIC PERFORMANCE
HEALING PROCESS FROM DOWNTURN SHOULD NOT LEAVE MAJOR SCARS IN U.S. ECONOMY
DATA SUGGEST MORE PERSISTENT DRAGS, NOT JUST TEMPORARY FACTORS, RESTRAINING GROWTH
FED TO MEET FOR TWO DAYS INSTEAD OF ONE IN SEPTEMBER TO CONSIDER TOOLS TO PROVIDE ADDITIONAL MONETARY STIMULUS, OTHER ISSUES
BERNANKE FED PREPARED TO EMPLOY TOOLS AS NEEDED TO PROMOTE STRONGER RECOVERY
BERNANKE REPEATS FED HAS RANGE OF TOOLS TO PROVIDE MORE ECONOMIC STIMULUS, DISCUSSED THOSE TOOLS AT AUGUST MEETING
FED HAS MARKED DOWN ITS OUTLOOK FOR GROWTH OVER COMING QUARTERS
EXPECT INFLATION TO SETTLE AT LEVELS AT OR BELOW 2 PCT, OVER COMING QUARTERS
FINANCIAL STRESS CONTINUES TO BE SIGNIFICANT DRAG ON ECONOMY AT HOME AND ABROAD
ECONOMIC HEALING WILL TAKE A WHILE, WILL NEED TO REMAIN ALERT TO RISKS TO RECOVERY, INCLUDING FINANCIAL RISKS
GIVEN HIGH LONG-TERM UNEMPLOYMENT, POLICIES PROMOTING STRONGER RECOVERY IN NEAR TERM WILL AID LONGER-TERM ECONOMIC PERFORMANCE
HEALING PROCESS FROM DOWNTURN SHOULD NOT LEAVE MAJOR SCARS IN U.S. ECONOMY
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