Weekly Wrap: Bernanke speaks in Wyoming
New York bureau chief Heidi Moore and Felix Salmon of Reuters wrap up this week’s biggest business stories.
On Federal Reserve chairman Ben Bernanke’s speech in Jackson Hole, Wy., today:
Felix Salmon: He was talking about quantitative easing and talking about Milton Friedman… It was quite a defensive speech. He was basically saying ‘We’re doing OK, and we’ll do more of it.”
Heidi Moore: He was saying that the Fed could take unusual measures. There was a note of preparation for threat in that. And he also acknowledged that the Fed is overburdened right now. They have bought so much out of the market — so many bonds and things like that — that they might be a threat of affecting investor confidence, that the Fed is too big a player in the stock market right now.
For more analysis, listen to the full audio.
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