JACKSON HOLE, Wyo.—Federal Reserve Chairman Ben Bernanke said Friday that he is prepared to do what it takes to support an economic recovery that has been losing steam.

In prepared remarks kicking off a two-day meeting of the world’s top central bankers, Mr. Bernanke said he expects the U.S. economy to continue growing in 2011 and subsequent years, signaling further Fed action may not be needed.

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