US economy is running out of steam -Bernanke needs fresh monetary blitz as US recovery falters

 

Bernanke needs fresh monetary blitz as US recovery falters – Bernanke and his close allies at the Fed
are worried that the US economy is running out of steam. However, he is waging battle w/a group of hawks
who are against any further monetary stimulus. Key members of the five-man Board are quietly mulling a
fresh burst of asset purchases, if necessary by pushing the Fed's balance sheet from $2.4 trillion (£1.6
trillion) to uncharted levels of $5 trillion. London Telegraph