The New York Times
Friday, August 26, 2011 -- 10:08 AM EDT
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Federal Reserve Chief Offers No Signs of New Stimulus
The Federal Reserve chairman, Ben S. Bernanke, said Friday that the economy is recovering and the nation's long-term prospects remain strong, an upbeat assessment that offered little indication of any plans for additional measures to boost short-term growth.
"With respect to longer-run prospects," Mr. Bernanke said in his prepared remarks, "my own view is more optimistic." He continued, "The growth fundamentals of the United States do not appear to have been permanently altered by the shocks of the past four years."
"The country would be well-served by a better process for making fiscal decisions," he said, noting that the political battle over raising the debt-ceiling had disrupted the financial markets "and probably the economy as well."
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