Bernanke Gives Few Clues About More Stimulus

Washington, DC, June 7, 2012 -- Federal Reserve Chairman Ben Bernanke says the central bank could take further steps if the economy deteriorates.

However, it's not clear how soon that might happen.

“The situation in Europe poses significant risks to the U.S. financial system and economy and must be monitored closely,” Bernanke told the Joint Economic Committee of Congress.

Bernanke said he continues to believe that economic growth will continue at a moderate pace.