Tag Archives: Federal Reserve Chairman Ben Bernanke

Bernanke to Washington: Do something helpful

Federal Reserve Chairman Ben Bernanke today called on Congress and the President to take Jackson hole.jpgthe lead in boosting the economy.

The chairman’s much anticipated message to Washington was clear: set aside short-term political interests and do something helpful for a change.

In a fit of optimisim, investors responded favorably. The Dow, Nasdaq and S&P 500 were all up in afternoon trading.

The $4 trillion question is whether the pols will take Ben’s message to heart. Given the current tone of the presidential primary campaign, that seems unlikely. I hope I’m wrong and the pols can agree on a plan to light a fire under the economy. 

Photo: Federal Reserve chairman Paul Bernanke, right, and Jean-Claude Trichet, of France, president of the European Central Bank, take a morning stroll on the veranda of the Jackson Lake Lodge, before the morning session of the Economic Policy Symposium at Jackson Hole in Moran, Wyo., Friday, Aug. 26, 2011. (AP Photo/Reed Saxon)

What will Ben say? Will it matter?

Market watchers have been speculating all week about what Federal Reserve Chairman Ben
federal reserve.jpgBernanke will say Friday when he talks about what’s needed to spur the economy.

 Is QE3 in the works? How will the market react? Will whatever he says help the economy?

Here’s a sampling of what some pundits and experts expect.

Bloomberg: Bernanke May Forgo Easing as Data Point Higher

Forbes: Bernanke’s Jackson Hole Hamlet Moment: To QE Or Not To QE?

BusinessWeek: Bernanke Signaling No QE Backed by Data From Prices to Freight

CNBC: Bernanke Speech to Set Market Course Friday and Beyond

The Economic Times: US crisis: Ben Bernanke’s Jackson Hole speech could rattle the markets

Photo: Associated Press files