The big news of the day is Fed Chairman Ben Bernanke's much-anticipated speech at Jackson Hole. Also, we fact-check a misleading campaign ad about welfare.
Fed Chairman Ben Bernanke is set to give a big speech at an economic conference in Jackson Hole, Wyoming. It's a place with a little bit of Fed history.
There are new signs the Federal Reserve is getting ready to pump more money into the U.S. economy. Notes from a Fed meeting earlier this month were just released and they seem to indicate we've got another economic stimulus package in our future.
The Federal Reserve meets again this week, and the buzz is that Chairman Ben Bernanke could be considering some "new tools," for stimulating growth — perhaps using interest rates to encourage banks to take some risks with their money.
Global markets, and many economists, seem unimpressed this morning with the news yesterday from the Federal Reserve that it will expand the Operation Twist monetary stimulus program.
The Federal Reserve wraps up a meeting today in Washington. And the expectation is that policymakers will
launch more monetary stimulus to boost the economy.