Fed Chief: Good Case For 'Further Action' To Help Economy - Spokane, North Idaho News & Weather KHQ.com

Fed Chief: Good Case For 'Further Action' To Help Economy

MSNBC.COM - Federal Reserve Chairman Ben Bernanke said Friday that high unemployment and low inflation point to a need for a further easing of U.S. monetary policy, but said policymakers were still weighing how aggressive they should be. "There would appear — all else being equal — to be a case for further action," Bernanke said in a speech delivered to a conference sponsored by the Boston Federal Reserve Bank.

Bernanke said a prolonged period of high unemployment could pose a risk to the recovery's sustainability and said the low level of inflation meant the risk of a dangerous downward slide in prices was greater than desirable.

The economy is growing at a pace "less vigorous than we would like," Bernanke acknowledged.

Unemployment, now at 9.6 percent, has been stuck near double digits for more than a year. Bernanke indicated that the Fed is concerned that economic growth is likely to remain lackluster and that unemployment will decline only slowly next year. High unemployment is likely to keep consumers cautious in their spending.

Because the economy is weak, "the risk of deflation is higher than desirable," Bernanke said.

Bernanke also said the Fed must proceed cautiously in deciding how big a program to buy Treasury debt should be. He said it is a challenge for Fed policymakers to determine the size of the program and how the debt purchases would be paced.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Driver airlifted from scene of motorhome rollover near Moses Lake; DUI investigation underway

    Driver airlifted from scene of motorhome rollover near Moses Lake; DUI investigation underway

    Monday, May 29 2017 8:57 PM EDT2017-05-30 00:57:01 GMT

    MOSES LAKE, Wash. - A serious crash is blocking lanes of I-90 near Moses Lake. Details are very limited at this time, but WSDOT confirms one lane in each direction on I-90 near milepost 173 is closed while crews investigate the crash. Viewer video sent to KHQ shows a large motorhome flipped over in the median. 

    >>

    MOSES LAKE, Wash. - A serious crash is blocking lanes of I-90 near Moses Lake. Details are very limited at this time, but WSDOT confirms one lane in each direction on I-90 near milepost 173 is closed while crews investigate the crash. Viewer video sent to KHQ shows a large motorhome flipped over in the median. 

    >>
  • 1 man killed after pickup drives over angry campers

    1 man killed after pickup drives over angry campers

    Monday, May 29 2017 7:11 PM EDT2017-05-29 23:11:00 GMT

    TACOMA, Wash. (AP) - A 20-year-old man who was intentionally run over at a Grays Harbor County campground has died of his injuries.      KOMO-TV reports that Jimmy Smith-Kramer of Taholah was one of two victims run over by a pickup truck Saturday.      Tacoma General Hospital officials confirmed he had died late Sunday.

    >>

    TACOMA, Wash. (AP) - A 20-year-old man who was intentionally run over at a Grays Harbor County campground has died of his injuries.      KOMO-TV reports that Jimmy Smith-Kramer of Taholah was one of two victims run over by a pickup truck Saturday.      Tacoma General Hospital officials confirmed he had died late Sunday.

    >>
  • 18-year-old man arrested for vehicular homicide after fatal crash south of Ritzville on Highway 395

    18-year-old man arrested for vehicular homicide after fatal crash south of Ritzville on Highway 395

    Monday, May 29 2017 6:12 PM EDT2017-05-29 22:12:23 GMT

    ADAMS COUNTY, Wash. - The Washington State Patrol one person has died following a one-car collision south of Ritzville Monday morning. Troopers say the crash happened on Highway 395 about 24 miles south of Ritzville. The 2005 Chevy Trailblazer was headed north on 395 at a high rate of speed when the driver 18-year-old Jaciel Parra of Victor, Idaho, fell asleep at the wheel.

    >>

    ADAMS COUNTY, Wash. - The Washington State Patrol one person has died following a one-car collision south of Ritzville Monday morning. Troopers say the crash happened on Highway 395 about 24 miles south of Ritzville. The 2005 Chevy Trailblazer was headed north on 395 at a high rate of speed when the driver 18-year-old Jaciel Parra of Victor, Idaho, fell asleep at the wheel.

    >>
HD DOPPLER 6i
/