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Fed ready to take 'unconventional measures'

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Federal Reserve chairman Ben Bernanke bluntly acknowledged that the U.S. economic recovery has lost considerable steam, but said the central bank has the necessary policy tools to support continued growth...Bernanke reiterated that the Fed would reinvest in Treasurys to maintain the size of its balance sheet, and added that the bank is prepared to provide additional "unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly."

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