Bernanke Offers No Plan for New Stimulus
Here is the opening from The New York Times' report the Fed Chairman's statement from Jackson Hole, Wyoming:
Here is the opening from The New York Times' report the Fed Chairman's statement from Jackson Hole, Wyoming:
David Fuller's view Bland on monetary policy and therefore mildly reassuring, I am glad that Mr Bernanke did not say more and risk making a drama out of a crisis. At this time, 'less is more' in terms of the Federal Reserve's possible actions. It is also practical because the central bank has run out of conventional ammunition. His comments on fiscal decisions are apt, without being prescriptive.