Federal Reserve chairman disappoints on QE
Wall Street is this weekend digesting the implications of Federal Reserve's chairman Ben Bernanke's speech to central bankers at Jackson Hole, Wyoming.
There had been hopes he would launch a new programme of quantitative easing – essentially, printing money to spend the US out of its economic problems. However, he did not point to any immediate plans to boost growth. The US insurance industry is also bracing itself for the potential impact of Hurricane Irene.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies