BERNANKE SAYS POLICY WILL STAY LOOSE

THE US economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve chairman Ben Bernanke said yesterday. This means US monetary policy must remain “accommodative” until the economic recovery is on a sustainable path and job creation picks up, he said. There is “a considerable way to go”  before the US makes a full recovery, he said.