Bernanke remains dovish in face of stability threats

Ben Bernanke, the chairman of the Federal Reserve, has re-emphasised his support for continued monetary easing measures, telling the Joint Economic Committee of the US Congress that "significant benefits" continue to result from the low interest rate environment.

In testimony today, the Fed chairman placed a sizeable portion of the blame for the weak US recovery on the government's fiscal tightening, saying monetary policy struggles "to fully offset an economic headwind of this magnitude". He hi

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