Central Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy was to get worse appreciably and signs of depression were to flare.
Bernanke recognized that the new pace of growth is "less vigorous than we predictable." He described the outlook as unsure and said the economy "remains susceptible to unexpected developments."
On the same time, he said enlargement is likely to pick up next year. He downplayed the odds of another depression, even after a series of dismal reports on housing and developed this week stoked fears that the financial system may be on the verge of one more downturn.
His comments came 90 minutes after the administration said the financial growth slowed sharply in the second neighborhood to a 1.6 percent pace.
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