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Federal Reserve Chairman Ben Bernanke said that lower-than-usual long term interest rates could prompt the central bank to either boost or lower the short-term rates even more than normal.

Speaking before the Economic Club in New York, Bernanke said the adjustments were contingent on a number of factors influencing the interest rates. One such condition, a "glut" of world saving -- the byproduct of high savings coupled with a weak investment demand on a global basis -- might be a factor in keeping long-term interest rates down.

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