Ben's Bullet Points

 

http://www.federalreserve.gov/newsevents/speech/bernanke20110826a.htm

• Range of tools for stimulating growth
• Optimistic view on prospects
• Pace of recovery disappointing
• Recession deeper than expected
• Expects action for housing by government
• September meeting to 2 days from one day
• Inflation to be at or below 2%
• 2H likely to improve
• Recovery has been slow and erratic
• FInancial stress will be a drag
• Recovery will likely strengthen over time
• Fed needs to be alert to financial risks to recovery
• Fed has limited ability to ensure long run growth
• Needs better process for fiscal decisions.