Bernanke gives impetus to new stimulus

Filed under: AM Roundup |

Federal Reserve Chairman Ben Bernanke indicated more financial help might be necessary to stabilize the U.S. economy amid fears of a Greek default on its debt.

The Fed might also keep interest rates low, Bernanke said, or it could purchase more securities.

Economic recovery will be slow, he said, predicting a decline in the unemployment rate of 1 percent a year during the next two years.

Read more at bloomberg.com.