Fed to take more action...

The Federal Reserve chairman, Ben S. Bernanke, went further on Friday in outlining the risks the central bank was prepared to take by pumping more money into the flagging recovery.

The new action would be aimed at lowering interest rates and spurring growth, but it would most likely have effects far beyond American shores. It could contribute to the weakening of the dollar and complicate a festering currency dispute that threatens to disrupt global trade relations.

For Americans, additional Fed activity is likely to mean that already low 30-year mortgage rates would fall even further. The moves would not help many savers, however, as yields on certificates of deposit and savings bonds would probably fall as well. But the Fed hopes that making credit even cheaper will encourage businesses and consumers to borrow and spend, and that could eventually bring relief to jobless workers.

Mr. Bernanke’s remarks, at a conference organized by the Federal Reserve Bank of Boston, confirmed Wall Street analysts’ expectations that the Federal Open Market Committee would approve new steps at its next meeting on Nov. 2-3.