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Bernanke faces skepticism on monetary-policy tools
Business Week: (Bloomberg) -- Federal Reserve officials face another round of reports projected to show weakening growth amid skepticism they have the firepower to deliver on Chairman Ben S. Bernankes pledge to avoid a relapse into recession.
Bernanke, in his Aug. 27 speech to central bankers and economists in Jackson Hole, Wyoming, made his strongest statement yet that the Fed alone cant keep the recovery going. "Strong and stable" growth will "require appropriate and effective responses from economic policy makers across a wide spectrum" as well as private-sector leaders, he said.
