The Federal Reserve is ready to adjust monetary policy as needed, chairman Ben Bernanke told Congress Wednesday.

“Given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate,” Bernanke told the House Committee on Financial Services, according to prepared text of his semiannual testimony released by the Fed.

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