Economy/Business News Alert

Bernanke: Fed intends to be 'forceful' in supporting recovery

Federal Reserve Chairman Ben S. Bernanke said Friday that the central bank plans to respond forcefully to the nation's sluggish economic recovery amid a broad defense of the Fed's actions to date to keep the economy growing.

At his closely-watched Jackson Hole speech, Bernanke did not offer a hint that new action was imminent, but in uncharacteristically forward-looking and direct language, Bernanke said the Fed intends to be "forceful…in supporting a sustainable recovery."

"We must not lose sight of the daunting economic challenges that confront our nation," he said.

Read more at:
http://www.washingtonpost.com/business/economy/bernanke-fed-intends-to-be-forceful-in-supporting-recovery/2012/08/31/47a5c396-f373-11e1-adc6-87dfa8eff430_story.html

For more news and analysis of the economy and business, visit The Washington Post Business section..