Federal Reserve Chairman Ben Bernanke (AP Photo/Charles Dharapak)
WASHINGTON (AP) - Investors will be focused today on a speech by Chairman Ben Bernanke at a Federal Reserve conference in Jackson Hole, Wyo., but few expect him to signal that the Fed is about to take major new action to boost the economy.
No one is sure, though.
Three years after the end of the Great Recession, the U.S. economy is still struggling to break out of a slog that's kept unemployment at a painfully high 8.3 percent.
After its last policy meeting, the Fed repeated a pledge to try to boost growth if hiring remains weak. And minutes of that meeting showed that some Fed officials felt the economy would need more support "fairly soon "unless it improved significantly.
Still, many analysts think slightly brighter economic news since then has diminished the need for the Fed to act soon.
In the meantime, investors will still be primed for any hint in Bernanke's speech that Fed action might be coming soon.
First Coast News