Fed Chairman Ben Bernanke is unlikely to use his speech Friday at the Federal Reserve's annual Jackson Hole, Wyo., conclave to unveil new efforts to bolster the U.S. economy—despite financial markets' lingering hopes that he will, the Wall St Journal reports..
As the economic outlook for the U.S. and Europe deteriorates, stock markets have been gyrating and Fed watchers around the world speculating that Mr. Bernanke is about to ride to the rescue.
The Fed chief preaches and practices transparency. Neither Mr. Bernanke nor officials close to him have said anything to encourage the speculation that he will succumb to pressure from markets ...
Find out more at http://online.wsj.com/article/SB10001424053111904009304576528612963127774.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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