Ben Bernake announcement pushes stocks higher
Las Vegas, NV (KTNV) -- Ben Bernanke said Friday morning the Fed is ready to help stimulate the economy with more bond buying.
He addressed the Kansas City Fed's annual symposium Friday in Jackson Hole, Wyoming, which attracts an elite group of global bankers and prominent economists.
He didn't offer a time-line, but economists predict the Fed will decide to buy more treasury bonds or government mortgage-backed securities to lower long-term interest rates and spark more economic activity.
Some positive news from Fed Chairman Ben Bernanke pushed the markets higher Friday, and closed the books on a good August.
This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.