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Fed prepared to act to boost growth: Bernanke

The Federal Reserve is ready to take new action to speed up the economy, Fed chief Ben Bernanke said Thursday, but warned that government budget-cutting could hold back growth. “The Federal Reserve has a range of tools that could be used to provide additional monetary stimulus,” Bernanke said in a…

Economic leaders fear policy paralysis

JACKSON HOLE, Wyoming (Reuters) – The heads of the U.S. Federal Reserve, IMF and OECD stepped up pressure on political leaders on both sides of the Atlantic to shake off their inertia and tackle urgent economic problems. If politicians ignore their pleas — including a blunt call from International Monetary…