Is Bernanke Calling it Quits?
Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Wyoming.
Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Wyoming.
Investors liked what they heard from Ben Bernanke, and stocks rose enough to put them into positive territory for August. The Federal Reserve chairman said on Friday morning that the Fed is ready to help the economy with more bond-buying.
Financial markets are likely to continue to expect another round of Fed easing for the time being, even if Fed Chairman Ben Bernanke just holds out hope for more without committing to it.
Every August, the world's financial markets shift their attention from the centers of global commerce to a mountain valley in northwest Wyoming. On Friday, they will hear a speech by Federal Reserve Chairman Ben Bernanke. So how did Jackson Hole, Wyo., come to wield such outsize importance in global economic affairs?
Fed chief Ben Bernanke proposed no new steps to boost the economy during his highly anticipated Jackson Hole speech Friday. But he did hint that Congress may have to step in to stimulate hiring and growth.





