Bernanke disappoints markets by revealing little about QE3


The chairman of the Federal Reserve, Ben Bernanke, today (August 31) gave little away in a speech at a meeting of central bankers in Jackson Hole, Wyoming, providing few details on a possible third round of quantitative easing (QE).

Echoing the minutes from the August meeting of the Federal Open Market Committee, Bernanke said: "The Federal Reserve will provide additional policy accommodation as needed to promote a stronger economic recovery." He provided no time-scale for additional QE, but

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