US economy not ready for a “let go”

Federal Reserve Chairman Ben Bernanke states the US economy still not ready for a government to step back with the quantitative easing program as problems like unemployment and government cuts should be preceding a possible draw back in stimulus. Bernanke is staying aggressive with the stimulus spending in an effort to give an impulse to the economy to create growth and reduce unemployment. Despite recent improvement in labor market, that isnt happening quick enough for the economy to be stable without the bond purchasing program

Stocks extended gains after the comments. The main indexes followed the trend in raising price share.