Although Federal Reserve Chairman Ben Bernanke will tell the Senate today that the Fed is ready to take further action to boost the economy, he stopped short of saying the central bank will unleash a new round of quantitative easing.
Bernanke will deliver the Fed's semiannual report to Congress beginning today in the Senate, and continuing Wednesday before the House.
"Economic activity appears to have decelerated somewhat during the first half of this year," Bernanke said in prepared statements released in advance of the hearing.
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