The Federal Reserve has room to deliver additional monetary stimulus to boost the U.S. economy, Fed Chairman Ben Bernanke told a Congressional oversight panel in a letter.
Continue Reading Below
"There is scope for further action by the Federal Reserve to ease financial conditions and strengthen the recovery," Bernanke wrote to the committee's chairman, Congressman Darrell Issa, in a letter obtained by Reuters on Friday.
Bernanke next week will give a closely watched speech at the central bank's annual symposium in Jackson Hole, Wyoming, which will be closely watched for clues into the prospect of further bond-buying from the Fed. (Reporting By Pedro Nicolaci da Costa; Editing by Chizu Nomiyama)