Bernanke says…no new stimulus…well…maybe.

Federal Reserve Chairman Ben S. Bernanke said policy makers will discuss the tools they could use to boost the recovery at their next meeting this month and stand ready to use them if necessary.

Policy makers “are prepared to employ these tools as appropriate to promote a stronger economic recovery in the context of price stability,” Bernanke said in the text of a speech to economists today in Minneapolis.
As in a speech on Aug. 26 in Jackson Hole, Wyoming, the Fed chief stopped short of signaling what he thinks is the Fed’s best option to aid the economy.

He said in previous remarks that the Fed’s options to bolster the recovery include lengthening the average duration of securities in its $1.65 trillion Treasury portfolio and buying more government bonds.

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