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Comparing the Fed's two recent policy statements

From centralbanknews.info

Following are two recent statements regarding future monetary policy by the U.S. Federal Reserve. While the statements largely mirror each other, the statement by Federal Reserve Chairman Ben Bernanke acknowledges the limitations of monetary policy. The first paragraph is from Bernanke speech at the 2012 Jackson Hole symposium. The second paragraph comes from the press release issued by the Federal Open Market Committee, the Federal Reserve's policy-making body, following its last meeting on July 31/Aug. 1: From Bernanke's speech Aug. 31, 2012: "Over the past five years, the Federal Reserve has acted to support ... (full story)

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