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Text of Bernanke speech at Jackson Hole
MarketWatch “When we convened in Jackson Hole in August 2007, the Federal Open Market Committee's (FOMC) target for the federal funds rate was 5-1/4 percent. Sixteen months later, with the financial crisis in full swing, the FOMC had lowered the target for the … Ben Bernanke's Implicit Promise Bernanke Defends Bond Purchases in Signal of More Fed Easing Bernanke: Fed will be 'forceful' in supporting recovery |