News Summary: Bernanke sees room for Fed to act
FED CAN DO MORE: Federal Reserve Chairman Ben Bernanke makes clear in a letter to a House lawmaker that he thinks the Fed can do more to bolster the economic recovery and help reduce unemployment. Bernanke also defends steps the Fed has already taken.
BIG BOND BUYS: Bernanke notes in the letter that with interest rates already at record lows, the Fed has had to deploy other means to strengthen the economy, such as buying bonds.
FED SENT SIGNALS: At its most recent policy meeting, the Fed signaled a growing inclination to act further to help the economy.
