Bernanke Says QE Works While Posing No Immediate Bubble Risk

Federal Reserve Chairman Ben S. Bernanke defended quantitative easing, saying it has helped the economy and shows no immediate sign of creating a bubble in asset prices.

“We don’t think that financial stability concerns should at this point detract from the need for monetary policy accommodation which we are continuing to provide,” he said today in Washingtonat a forum sponsored by the Brookings Institution.

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