Bernanke: With Unemployment High, Fed Can do More - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Chairman Ben Bernanke is repeating that the Federal Reserve will do more to boost the economy because of high U.S. unemployment and an economic recovery that remains "far from satisfactory."

He also argued that the Fed's moves so far to keep interest rates at record lows and encourage borrowing and spending have helped bolster the economy.

Speaking in Jackson Hole, Bernanke stopped short of committing the Fed to any specific move, such as another round of bond purchases to lower long-term rates. At the annual Fed conference in Jackson Hole, Wyo., Bernanke said that even with rates at record lows, the Fed can do more.

The Fed's next policy-setting meeting is Sept. 12-13.  (AP)