Ben Bernanke, the chairman of the Federal Reserve, on Friday made the clearest indication yet that the Federal Open Market Committee (FOMC) will back a further round of quantitative easing at its next vote on 3 November.
Bernanke told an audience in Boston the central bank was prepared to provide additional accommodation to support the economic recovery. Previous programs of securities purchases were "successful in bringing down longer-term interest rates" and with the overnight interest rate at
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