Published by Mark Smith-HalvorsenContinued stimulus is needed in order for the US economy to fully recover, Federal Reserve chairman Ben Bernanke has indicated.In a speech at the International Monetary Conference in Atlanta yesterday (June 7th), Mr Bernanke said the US recovery has been "frustratingly slow" from the perspective of millions of underemployed and unemployed workers."The economy is still producing at levels well below its potential; consequently, accommodative monetary policies are still needed," Mr Bernanke said.The Federal Reserve is this month drawing to a close its second phase of quantitative easing, known as QE2.Interest rates in the country have been held close to zero since December 2008.Sung Won Sohn, economics professor at California State University Channel Islands, told Bloomberg that Mr Bernanke indicated there is "no need" to alter monetary policy at the moment. Further to this, he implied there will not be a third round of quantitative easing, he said.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site