Bernanke Signals Fed Is Ready to Prop Up Economy - nytimes

JACKSON HOLE, Wyo. — The Federal Reserve chairman, Ben S. Bernanke, said Friday that the central bank was determined to prevent the economy from slipping into a cycle of falling prices, even as he emphasized that he believed growth would continue in the second half of the year, “albeit at a relatively modest pace.” -- Bernanke Signals Fed Is Ready to Prop Up Economy