If anything does come from Bernanke’s speech on Friday it will probably be along these lines; something small and relatively uncontroversial … no big programs.
Bernanke May Flag Possible Portfolio Shift On Friday
the chairman is not yet ready to take dramatic action to help jar the economy out of its current malaise …
There is a sense among Fed watchers that if the Fed wants to do something, the best and most likely option will be to extend the average maturity of the securities it holds.
Ben Bernanke will give his speech at the Jackson Hole Symposium at 10am (ET) on August 26, 2011.