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Fed Leans toward More Easing

Bernanke signals that additional stimulus is likely if jobs growth falls short.

By Caroline Salas Gage and Joshua Zumbrun, Bloomberg | Updated on June 21, 2012

Chairman Ben S. Bernanke is signaling the Federal Reserve will probably add to its record stimulus should the economy fail to make sufficient progress in creating jobs for 12.7 million unemployed Americans.

The policy-setting Federal Open Market Committee yesterday extended its Operation Twist program and will swap $267 billion in short-term securities with longer-term debt through the end of 2012. Fed officials also downgraded their forecasts for growth and employment while noting “significant downside risks” to the economy.

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