Reiterating that the Federal Reserve has a “range of tools” that would provide economic stimulus, its chairman, Ben Bernanke, said the Federal Open Market Committee will do what is needed to promote a stronger recovery with an eye on price stability.”

“In addition to refining our forward guidance, the Federal Reserve has a range of tools that could be used to provide additional monetary stimulus,” said in a prepared text of his remarks released by the Fed. “We discussed the relative merits and costs of such tools at our August meeting. My FOMC colleagues and I will continue to consider those and other pertinent issues, including, of course, economic and financial developments, at our meeting in September and are prepared to employ these tools as appropriate to promote a stronger economic recovery in a context of price stability.”

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