Bernanke: Additional stimulus if necessary
- Especially if outlook weakens significantly
- Deflation not a big risk but Fed will “resist” downward pressures on price stability
- Fed has not yet agreed specific criteria or triggers for further action
- Fed still has tools at its disposal
The dollar is strengthening against the EUR and equities are falling as Bernanke stopped well-short of signaling any panic move toward additional quantitative ease.
Trading Levels with WRBs