Bernanke says Fed to act if soft recovery falters

The soft recovery, as suggested by this week's lackluster housing numbers (as well as numerous other economic statistics), is clearly faltering. Bernanke's testimony provided the green light for future quantitative easing (QE). Future liquidity blasts into the system must first be telegraphed to the market.

Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy faces "unusually uncertain" prospects, and that the central bank was ready to take further steps to bolster growth if needed.

Source: finance.yahoo.com