By Hao Li: Subscribe to Hao's RSS feed
December 4, 2010 10:31 PM EST
CBS will air an interview with Federal Reserve Chairman Ben Bernanke on the "60 Minutes" show.
During the interview, Bernanke will explain the Fed's decision to launch a second round of quantitative easing (QE2) and defend the program against criticisms from inflation hawks.
Perhaps more importantly, CBS reported that Bernanke did not rule out the possibility of more asset purchases, meaning a third round of quantitative easing (QE3) is possible.
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The interview was taped on November 30 and will air Sunday, December 5.
Bernanke is not the only Fed official to strike a dovish tone recently.
When asked about the possibility of spending less than $600 billion for QE2, New York Fed chief William Dudley said it is "a little bit premature to be so confident" because of slow economic growth and the high unemployment rate.
Boston Fed president Eric Rosengren said he "fully anticipate[s]" the Fed completing the $600 billion in purchases and if "the economy were to weaken substantially and further disinflation were to occur," the Fed could take "more action."
Fed Vice Chairwoman Janet Yellen said the Fed is "open to further action if it turns out the economy remains sufficiently weak or if [Fed officials are] sufficiently worried about further disinflation in the medium-term."
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