In highly anticipated remarks at the Jackson Hole economic summit in Wyoming, Federal Reserve chairman Ben Bernanke said Friday that the central bank plans to be "forceful... in supporting a sustainable recovery" in the U.S. as the European financial crisis and looming budget cuts and tax hikes threaten to drag the economy down further. "We must not lose sight of the daunting economic challenges that confront our nation," Bernanke said. "The Federal Reserve has acted to support economic growth and foster job creation, and it is important to achieve further progress." Bernanke did not hint that any specific action was imminent, and he isn't expected to announce any new policies Friday.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- 6 things the happiest families all have in common
- How our botched understanding of 'science' ruins everything
- Russia is stealthily threatening America with nuclear war
- The science of sex: 4 harsh truths about dating and mating
- How U2 became the new Nickelback
- This is what happens when Republicans actually enact their radical agenda
- 13 Urban Outfitters controversies
- California's epic drought
Subscribe to the Week