Thursday, August 25, 2011

More on Jackson Hole....

Fed chief Ben Bernanke is due to address central bankers at an annual symposium in Jackson Hole,Wyoming, on Friday. His speech last year laid the groundwork for the Fed's $600 billion bond-buying program to revive a sputtering U.S. economy.


While many doubt Bernanke will immediately commit to conducting a third round of quantitative easing at the Jackson Hole summit, investors generally expect him to stress that the central bank stands ready to act if necessary.

The market is selling off today, ahead of the meeting.

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