Fed stands pat but says will act if needed

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Wednesday said U.S. monetary policy was "more or less in the right place" even though the central bank would not hesitate to launch another round of bond purchases if the economy were to weaken.

Source: http://feeds.reuters.com/~r/reuters/topNews/~3/kXOtjJB3NQI/us-usa-fed-bernanke-idUSBRE83O0EH20120426

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