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Drama from Bernanke at Jackson Hole? Unlikely
Economy » With outlook brightening slightly, few expect action on Friday.


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Investors are eager to hear about Draghi’s plans, as well as Bernanke’s.

These days, said Thomas Lam, economist with the investment firm OSK-DMG in Singapore, "markets are equally sensitive to comments from Bernanke and Draghi."

At a glance

Related developments

The Federal Reserve’s so-called Beige Book report on business conditions in July and early August said nine of its 12 districts (including San Francisco, of which Utah is a part) reported growth that was “modest” or “moderate.”

The U.S. economy expanded more than previously estimated in the second quarter, reflecting an improvement in the trade deficit and a pickup in household spending on utilities. Gross domestic product climbed at a 1.7 percent annual, up from an initial estimate of 1.5 percent.

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