US economy still far from desired state: Bernanke – Channel NewsAsia

WASHINGTON: Federal Reserve Chairman Ben Bernanke said Monday that the US economy still has far to go to recover to an acceptable state of health.

“Today the economy is significantly stronger than it was four years ago, although conditions are clearly still far from where we would all like them to be,” he said.

The statement, made in a speech on banking in Stone Mountain, Georgia, came as economists and investors seek signs on whether the US central bank is ready to tighten up its easy-money policy aimed at holding long-term interest rates down.

See on www.channelnewsasia.com

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