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He said the recovery was still weak enough to warrant keeping in place the Fed's strong monetary support, saying the economy was still growing well below its full potential.
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While the United States has "a considerable way to go" for a full recovery, "rising demand from households and businesses should help sustain growth," Mr. Bernanke said on Monday in a speech in Charleston, S.C. "We are maintaining strong monetary policy support for the recovery," he said in response to an audience question, without discussing any further action the Fed could take to aid growth.
Financially, Mr. Meng is in an even stronger position because he requires no monetary support from his theater when he mounts a production.
But if we go in, freeing countries like Iraq, providing monetary support and a new government, they'll be stronger, and hopefully the terrorist groups will be smaller and smaller and we can overcome them".
In Japan, for example, while output remains below potential, fiscal and monetary support, combined with favorable global economic conditions, has contributed to particularly strong growth in recent quarters.
"There isn't any fantastically strong monetary policy tool left out there," Mr. Ashworth said.
"The Bank of Japan announced very strong monetary policy easing at the start of April".
He said the bank would pursue "strong monetary easing" and provide liquidity to financial markets.
NOW that the possibility of more monetary support has become the reality of more monetary support, criticism of the Fed's new initiative has mercifully ended.
It has not been about monetary support for a long time.
Monetary support, however, is just part of the equation.
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