The Federal Reserve Chairman United States, Ben Bernanke said Friday that the economic recovery had slowed more than expected and the Fed was prepared, if necessary, to adopt additional measures to support the activity.
"The committee (monetary policy) is ready to implement further monetary easing through unconventional measures, if necessary, especially if the outlook were to deteriorate significantly," he said in a speech prepared in advance for the annual symposium organized by the Fed in Jackson Hole, Wyoming.
Ben Bernanke said that the acquisition of long-term bonds made by the central bank had been effective in allowing a reduction in credit costs, and added that believe the benefits to be obtained, if necessary, further buybacks This would be most important disadvantages.
Other options, such as a commitment to keep interest rates exceptionally low for a longer period than expected current markets or an increase of inflation targeting by the Fed would be less effective, he said.
However, he clearly stated that the Fed had not decided which would lead it to adopt new measures to relax its policy.
"At this stage, the committee did not agree on criteria or specific triggers for further action," he said.