Bernanke: Fed has ample clout to fight downturn if toolkit used properly

Bernanke: Fed has ample clout to fight downturn if toolkit used properly

Reuters

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The U.S. Federal Reserve still has enough clout to fight a future downturn, but policymakers should state in advance the mix of policies and policy promises they plan to use to get the most bang for their buck, former Fed chief Ben Bernanke said on Saturday.

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