Fed Chairman Ben Bernanke spoke before an annual economic conference in Jackson Hole, Wyoming on August 22, 2008. He touched on several economic items, but his soothing inflation message stood out most noticeably.
Bernanke forecasted moderate inflation, provisioned on commodity prices, growth and dollar stability factors.
The following is the prepared text of his speech, as provided by the Federal Reserve website.
Reducing Systemic Risk
In choosing the topic for this year’s symposium–maintaining stability in a changing financial system–the Federal Reserve Bank of Kansas City staff is, once again, right on target. Continue reading Federal Reserve Chairman Ben Bernanke’s speech on Aug. 22, 2008