JACKSON HOLE, Wyo. (MarketWatch) - Federal Reserve Board Chairman Ben Bernanke on Friday 26th Aug put off a lengthy discussion of the easing options available to the central bank until the next Federal Open Market Committee meeting late next month.
In a highly anticipated speech, Bernanke announced that the Fed had decided to expand its September meeting to two days - Sept. 20 and 21 - to review the pros and cons of further easing. Many Fed watchers had expected at least a discussion of the options in today's speech. (26th Aug) But Bernanke refrained, saying it was still difficult to judge how recent stock market weakness, debt-ceiling negotiations and the European debt crisis had impacted the economy.
The Fed does expect "a moderate recovery" to continue and strengthen, he said. Bernanke criticized Congress, saying the recent debate over the debt ceiling had hurt the economy.
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Saturday, 17 September 2011
Metal Madeness TV: Zimbabwe - gold for bread
MDC activist Sam Chakaipa returns to his village in rural Zimbabwe to find his friends and neighbours starving to death, reduced to panning gold powder from the rivers to exchange for food at an exorbitant rate
Bob Chapman: Fed Has More Tricks Up Its Sleeve
Jackson Hole meeting was a failure, Bernanke the failure, The Fed is on its own plan, a deliberate witholding of funds, a sign of inflation to come, an unleashing of funds to come, elitists desperate for distractions, Fed to blame for its own problems, warnings of stagnation amid restructurings.
http://theinternationalforecaster.com/
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