Several Federal Reserve officials made clear this week that Chairman Ben Bernanke commands broad support for the Fed’s plan to continue stimulating the economy if hiring doesn’t pick up.
Last week, the Fed said it would spend $40 billion a month to buy mortgage bonds to try to make home buying more affordable. On Friday, Dennis Lockhart, president of the Atlanta Federal Reserve Bank, stressed that the new round of bond purchases would continue until the job market improves, and “if we do not see improvement, more action may be taken.”
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