{"id":27872,"date":"2011-08-24T16:35:34","date_gmt":"2011-08-24T16:35:34","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/federal_reserve_chairman_ben_bernanke_unlikely_to_announce_big_new_plans_at\/"},"modified":"2011-08-24T16:35:34","modified_gmt":"2011-08-24T16:35:34","slug":"federal_reserve_chairman_ben_bernanke_unlikely_to_announce_big_new_plans_at","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=27872","title":{"rendered":"Federal Reserve Chairman Ben Bernanke unlikely to announce big new plans at Jackson Hole"},"content":{"rendered":"<p>In this year\u2019s speech, he is likely to put particular emphasis on what needs to be done to repair the U.S. economy over the longer run, including lowering long-term deficits. The title of the speech, in fact, is \u201cNear- and Long-Term Prospects for the U.S. Economy.\u201d\u009d<\/p>\n<p>While Bernanke has said that Congress should not cut the budget deficit too quickly, lest this austerity undermine the weak economic recovery, he has previously argued that a long-term plan to put the government\u2019s spending in line with its revenue could help instill confidence. Indeed, Deutsche Bank chief economist Peter Hooper said in a research note that the need for longer-term adjustments in the economy could be another argument against new Fed intervention.<\/p>\n<p>\u201cAny action the Fed takes at this point may give the markets no more than a temporary lift and would not resolve the more fundamental problems that are weighing on the economy,\u201d\u009d Hooper said.<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/business\/economy\/ben-bernanke-unlikely-to-announce-big-new-plans-at-jackson-hole\/2011\/08\/23\/gIQA28ixZJ_story.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this year\u2019s speech, he is likely to put particular emphasis on what needs to be done to repair the U.S. economy over the longer run, including lowering long-term deficits. The title of the speech, in fact, is \u201cNear- and<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=27872\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,582,589,595,592,149,671,600,597,599,596,584,672],"tags":[],"class_list":["post-27872","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-federal-reserve","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-stock-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government","category-the-united-states-currency-dollar-etc"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27872"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27872\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}