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News Link • Federal Reserve

(60 Minutes) Bernanke: More Fed Bond Buys "Certainly Possible"

• Reuters
The Federal Reserve could end up buying more than the $600 billion in government bonds it has committed to purchase if the economy fails to respond or unemployment stays too high, Fed Chairman Ben Bernanke said.

In a rare televised interview, Bernanke told the CBS program "60 Minutes" the Fed's actions are aimed at supporting what is still a fragile economic recovery, dismissing critics who argue the policy will lead to future inflation.


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