By Nils Pratley
The US finished its last round of quantitative easing just five weeks ago. But the cries for more will grow deafening if the economic data gets any worse
It’s at this point that investors look to central bankers for salvation. After all, in August last year, when Wall Street was fretting about how the US economic recovery was slowing to a crawl, Federal Reserve chairman Ben Bernanke delivered a speech at Jackson Hole that had a powerful impact. The Fed, he said, was ready to act “especially if the outlook were to deteriorate significantly”. Cue a jump in share prices.
Continue reading the article . . .
Related reading:
On the Jackson Hole Symposium
Federal Reserve Bank of Kansas City
