News ...

US Recovery Softer, Fed Ready With Stimulus: Bernanke

U.S. Federal Reserve Chairman Ben Bernanke said on Friday the recovery has softened more than expected and the Fed is ready to take further steps if needed to spur the stumbling economy."The committee is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly," he said in remarks prepared for delivery at a Fed conference.Among other comments, Bernanke said he does not see a serious risk of deflation in the U.S., while adding the continued persistence of high U.S. unemployment remains a central concern to Fed policy.

source:yahoo,bloomberg