This past week marked the annual gathering of bankers, financial officials, and other economic experts hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming. On Friday, Fed Chair Janet Yellen and European Central Bank head Mario Draghi both spoke; in a slow week for the markets, these speeches received the bulk of the econ media’s attention, and Yellen’s remarks were heralded for days as the week’s major financial event.
Read moreCheers to Ben Bernanke & Central Bankers
The Fed will keep interest rates low for several years and aggressively buy up bonds, Ben Bernanke announced today. When will elected officials catch up to the unsung heroics of central bankers?
Read moreMario Draghi May Become the Man Who Saved Europe—and the World
The decision by the European Central Bank chief to provide almost unlimited funds to troubled governments could lead to the end of the Eurozone crisis, put a stop to financial dominoes falling, and lead to global economic stability.
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