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Bernanke Backs Additional Stimulus

Says Congress should pass new spending measures to help economy.

Federal Reserve Chairman Ben Bernanke announced today that he supports a second round of spending measures to help stimulate the economy. Bernanke did not offer any specifics, but his recommendation is likely to be the wind beneath the wings of congressional Democrats who are hoping to pass new stimuli against the objections of Republicans and the Bush Administration. Bernanke said that Congress’s plan should aim to have a maximum impact when the economy is at its weakest, which means, according to some experts, that Congress should pass the measure as soon as possible.

Read it at The New York Times

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