Attention is now on a meeting of central bankers at Jackson Hole, Wyoming, where Bernanke is due to give a speech on Friday, with investors hoping he will outline plans for another round of monetary easing to kickstart the economy.
Mr. Bernanke is scheduled to speak at the central bank's annual economic symposium in Jackson Hole, Wyo., at 10 a.m. EDT. Investors have been awaiting the speech all week, speculating over whether the Fed chief will hint at further stimulus measures, which have boosted stocks in the past. Mr. Bernanke signaled a second round of the Fed's bond-buying program, known as "quantitative easing," two years ago in Jackson Hole.
Expectant eyes from around the world will be on Bernanke, looking for assurances that the US economy is solid or, if not, that the Fed is ready to invest more to stimulate growth.
Markets have been on edge for weeks over whether the Fed chairman will act on the sluggish economy, making his keynote speech the main event at the Fed’s annual international central banking symposium.
Bernanke used the Jackson Hole venue the past two years to let markets and policymakers know what is on his mind. In 2010, he moved the markets with his signal of “QE2” — a second $600 billion quantitative easing programme aimed at pushing down long-term interest rates.
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