POSITIVE NEWS from FED - Bernanke: Fed could make new purchases of bonds to support the U.S. economy

President Federal Reserve (Fed), Ben Bernanke, said Friday that the central bank does not exclude new purchases of bonds to support economic growth and reduce unemployment in the U.S., which it considers a "serious concern," Bloomberg .

"Nonconformist policy costs are manageable, when carefully designed, so we can not exclude the continued use of such strategies, if needed," said Bernake in a speech before the bankers and economists gathered at the annual Fed symposium Jones from Jackson, Wyoming.
Bernanke's speech takes place two weeks before the meeting of the Fed's monetary policy committee, which will decide whether to record a further extension of the program to stimulate the U.S. economy.
Bernanke reviewed the measures taken by the central bank during the financial crisis, saying that they were effective in stimulating economic growth and improvement in the market.
He also warned that the unemployment rate will continue only if economic growth will accelerate over the long-term trend.
"I have not seen an improvement in the unemployment rate since January. If economic growth will not accelerate over the pace of recent years, unemployment will remain well above the likely maximum rate of job properly," the Fed chief said.

 Bernanke has shown that long periods of high unemployment caused "enormous suffering and loss of human talent" and could also lead to "sustainable structural damage to the economy".
Many members of the Fed's monetary policy committee said at the meeting in early august that will be needed soon new measures to stimulate the economy, if no signs of a "substantial consolidation and sustainable."
Fed chief reiterated remarks concluding the speech that "the Federal Reserve will take further action if needed to support a stronger economic recovery and sustainable improvement in labor market conditions in terms of price stability".
Recent developments in the U.S. economy could be unsatisfactory for representatives Fed.
U.S. GDP rose by 1.7% in the second quarter compared to the same period last year, against 4.1% in the last three months of 2011. At the same time, inflation is below the Fed target of 2%.