Bernanke Hesitates to Extol Economy to Keep Reputation

Bernanke Hesitates to Extol Economy to Keep Reputation
By Caroline Salas Gage and Rich Miller - Mar 26, 2012 10:35 AM ET

Federal Reserve Chairman Ben S. Bernanke may be hesitating to extol the improving economy -- in part to preserve the central bank’s own reputation.

While Fed policy makers upgraded their assessment of the outlook at their March 13 meeting after the most-robust six- month period of job growth since 2006, they reiterated their plan to keep interest rates near zero until at least late 2014, citing still “elevated” unemployment and “significant downside risks.” Bernanke said today that continued accommodative policy will be needed to make further progress.

http://www.bloomberg.com/news/2012-03-25/bernanke-hesitates-to-extol-economy-to-keep-reputation.html?cmpid=linkedin