Chairman of the Federal Reserve Board

Speaking at a meeting of the Federal Reserve Bank of Boston on the same day, Bernanke said that the two major policy functions of the Federal Reserve - boosting full employment and maintaining price stability - are not satisfactory at present.

In terms of employment, the recovery rate of the US economy has slowed down since the summer. Since June, the private sector has only 85 thousand new jobs per month, which is not enough to reduce the unemployment rate significantly.

The latest statistics show that the unemployment rate in the US is still up to 9.6%.

In terms of price, the US economy is at risk of low inflation.

Over the past year, the core consumer price calculated by truncated average method has increased by only 0.9%.

Usually, the Fed thinks that inflation is between 1.5% and 2%.

In view of this, Bernanke said the Fed is ready for further monetary easing.

In the near future, it is widely expected that the Federal Reserve will implement a new round of quantitative easing policy for acquiring treasury bonds. The relevant measures of the Federal Reserve are expected to come out at the next meeting of interest rate decisions held in early November.