Bernanke disappoints in Jackson Hole speech
In a hotly anticipated speech on Friday in Jackson Hole, Wyoming, Ben Bernanke, the chairman of the Federal Reserve, made no promises to use monetary policy tools to aid the US economic recovery.
Speaking at the Federal Reserve Bank of Kansas City Economic Symposium, Bernanke disappointed those keen to see a further round of quantitative easing by putting off the decision on any possible policy steps until the next Federal Open Market Committee (FOMC) meeting in late September.
"The Federal
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