Ben Bernanke talks about adding more stimulus steps if necessary, and mentions a surprising option of lifting inflation goals to boost the economy. While he said this step doesn’t have support in the FOMC, the fact that he even mentioned it is a big surprise. This is his subtle way of saying that the situation is dire and that drastic massive dollar printing steps are considered. More trouble in the US means a global slowdown. The fear triggered by his speech sends the dollar higher. EUR/USD fell 50 about pips to 1.2675 and then slightly recovered. Analysis of Bernanke’s speech: (full story)