Bernanke: Unwise To Stop Stimulus, Economy Still Quite Weak

By Brandon Kosters - Talk Radio News

Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve, said today that the deficit is a “two-pronged element” in the U.S. fiscal policy. He said it is necessary in the short term, given the state of the economy, but efforts to reduce the deficit will need to be made eventually.

“Maintaining the current level of fiscal support is important because the economy is still quite weak,” Bernanke said. “At the same time, in the median and longer term, we have an unsustainable fiscal trajectory and we need to address that in order to maintain the confidence of the public and the markets.”