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Key Points to Look for in Bernanke’s Jackson Hole Speech
Fed Chairman Ben Bernanke looks likely to leave the door open for further quantitative easing in his much-watched speech at the Kansas City Fed Conference in Jackson Hole Friday, but he is unlikely to give the market a definitive signal. The trouble is that the economic data does not lend itself to obvious policy decisions. Growth of around 2 percent and payroll gains likely to be between 100,000 and 200,000 are an improvement over recent recession fears, but not strong enough to bring suggest a clear path of declining unemployment. (Read More: Will Bernanke Give the Market What It Wants?) "I think it's a close call, ... (full story)
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