Basically, this article is telling us about what the
chairman of the Federal Reserve, Ben Bernanke, said in a recent speech. These speeches
are always important because they give us some idea as to what the Fed is planning to
do.
In this case, Bernanke came out and pretty much said
that the Fed needs to do more to stimulate the economy. He is worried about how much
unemployment there is and he also fears deflation. In order to try to solve these
problems, the Fed seems likely to put more money into the economy by buying government
bonds and such things from banks.
The article goes on to
say that not everyone is convinced that this is the right thing. However, it seems
clear that the Fed must do something because there is not enough growth in the economy
right now.
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