Bernanke says Fed ready to act but short on specificsReuters
Aug. 31, 2012
Italian Prosecutor: Wiretaps Reveal NGOs Working With Human Smugglers to Flood Italy
Trump: "I'm a Nationalist and a Globalist"
Red Bull Founder Starting New Conservative Media Outlet
French Mayor Found Guilty Of Incitement For Saying 91% Muslim Classrooms Are a 'Problem'
Missouri Medical School May Lose Accreditation For Being Too White
JACKSON HOLE, Wyo., Aug 31 (Reuters) - Federal Reserve Chairman Ben Bernanke on Friday left the door wide open to a further easing of monetary policy, saying the stagnation in the U.S. labor market was a "grave concern," but he stopped short of providing a clear signal of imminent action.
His stark language gave a temporary lift to U.S. stocks, but economists walked away from the Fed chairman's remarks still divided over whether the central bank would launch a fresh round of bond purchases at its upcoming meeting in September.