Bernanke Proposes No New Stimulus Measures

Jackson Hole, WY, Aug. 26, 2011 -- Federal Reserve Chairman Ben Bernanke is proposing no new steps by the Fed to boost the economy but suggested that Congress may need to additional measures.

Bernanke said that while record-low interest rates will promote growth over time, the weak economy requires further help in the short run.

He also said that Fed policymakers will take a closer look next month at whether they should take additional short-term measures to stimulate economic growth.

Bernanke was speaking at an annual economic conference in Jackson Hole.

Bernanke said that while record-low interest rates will promote growth over time, the weak economy requires further help in the short run.

Bernanke was speaking at an annual economic conference in Jackson Hole.