Bernanke May Solicit Cocaine for the Markets in Jackson Hole

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Expect Fed Chairman Ben Bernanke to use a speech at an annual central bank conference in Jackson Hole, Wyoming, next Friday to acknowledge his disappointment over the pace of growth, even downgrade his outlook, and explain which medicines left in the Fed’s cabinet are best suited to fortify the economy.

He looks unlikely to reach for shock treatment.

“With the recovery grinding to a halt in the first half of this year and the economy operating perilously close to a second recession, the Fed will remain on guard against a negative surprise on growth, and will be willing to act accordingly,” Millan Mulraine, an economist with TD Securities, wrote in a note to clients…….”

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