Sunday, December 5, 2010

Bernanke Won’t Rule Out More Bond Buys

Federal Reserve Chairman Ben Bernanke told CBS in an interview to be aired Sunday that he’s not ruling out purchasing more bonds to aid the U.S. economy, the network said in a release Friday.

In an interview taped Tuesday in Columbus, Ohio, Bernanke defended the central bank’s program to buy $600 billion in U.S. Treasury notes, which was attacked by senior politicians in the U.S. and abroad. Top Republicans charge the bond purchases, due to end in June, could bring high inflation and may weaken the U.S. dollar excessively.

Like he did in 2009 to defend the government’s actions to fight the financial crisis, Bernanke is going to appear for the second time on “60 Minutes,” the CBS News show, this Sunday to discuss the most pressing issues facing the U.S. economy.

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