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Global outlook casts shadow over Fed mountain retreat
* Asia stocks dip on U.S. economic worries
3:24am EDT
* RPT-GLOBAL MARKETS-Asia stocks fall; yen slips with eyes on Japa
Tue, Aug 24 2010
* Fed's Evans says double-dip risk has risen
Tue, Aug 24 2010
* CORRECTED - UPDATE 1-Fed wanted to avoid unintended tightening-Fisher
Tue, Aug 24 2010
* Fed divided on Aug decision to buy Treasuries: report
Mon, Aug 23 2010
Federal Reserve Chairman Ben Bernanke listens to questions as he testifies before a House Financial Services hearing on the ''Monetary Policy and the State of the Economy'' on Capitol Hill in Washington, July 22, 2010. REUTERS/Jim Young
Federal Reserve Chairman Ben Bernanke listens to questions as he testifies before a House Financial Services hearing on the ''Monetary Policy and the State of the Economy'' on Capitol Hill in Washington, July 22, 2010.
Credit: Reuters/Jim Young
By Mark Felsenthal
WASHINGTON | Wed Aug 25, 2010 12:02am EDT
WASHINGTON (Reuters) - Central bankers from around the world will assess a darkening economic outlook at their annual U.S. mountain retreat this week with discussion of printing yet more money to spur growth on the agenda.
Federal Reserve Chairman Ben Bernanke is likely to signal his views about the uncertain prospects for the world's biggest economy but he probably won't give many clues on whether the U.S. central bank will pump more cash to keep the recovery going.
Other top central bankers will arrive in the Jackson Hole resort with concerns, too.
European Central Bank President Jean-Claude Trichet faces his own challenge of a two-tier recovery.
While the euro zone economy as a whole has strengthened thanks to strong German growth, the ECB looks set to keep providing banks with unlimited funds at a fixed rate to help banks and governments in Europe's troubled periphery.
Bank of England and the Bank of Japan officials will come to the Teton mountains likely to talk about how they might have to push more money into their economies to stimulate growth, a last resort when benchmark interest rates approach zero.
"It's not just the U.S. that stalled in June and July, it's the world economy that hit a wall over the summer months," said Ellen Zentner, a U.S. economist for Bank of Tokyo-Mitsubishi UFJ in New York.
* Asia stocks dip on U.S. economic worries
3:24am EDT
* RPT-GLOBAL MARKETS-Asia stocks fall; yen slips with eyes on Japa
Tue, Aug 24 2010
* Fed's Evans says double-dip risk has risen
Tue, Aug 24 2010
* CORRECTED - UPDATE 1-Fed wanted to avoid unintended tightening-Fisher
Tue, Aug 24 2010
* Fed divided on Aug decision to buy Treasuries: report
Mon, Aug 23 2010
Federal Reserve Chairman Ben Bernanke listens to questions as he testifies before a House Financial Services hearing on the ''Monetary Policy and the State of the Economy'' on Capitol Hill in Washington, July 22, 2010. REUTERS/Jim Young
Federal Reserve Chairman Ben Bernanke listens to questions as he testifies before a House Financial Services hearing on the ''Monetary Policy and the State of the Economy'' on Capitol Hill in Washington, July 22, 2010.
Credit: Reuters/Jim Young
By Mark Felsenthal
WASHINGTON | Wed Aug 25, 2010 12:02am EDT
WASHINGTON (Reuters) - Central bankers from around the world will assess a darkening economic outlook at their annual U.S. mountain retreat this week with discussion of printing yet more money to spur growth on the agenda.
Federal Reserve Chairman Ben Bernanke is likely to signal his views about the uncertain prospects for the world's biggest economy but he probably won't give many clues on whether the U.S. central bank will pump more cash to keep the recovery going.
Other top central bankers will arrive in the Jackson Hole resort with concerns, too.
European Central Bank President Jean-Claude Trichet faces his own challenge of a two-tier recovery.
While the euro zone economy as a whole has strengthened thanks to strong German growth, the ECB looks set to keep providing banks with unlimited funds at a fixed rate to help banks and governments in Europe's troubled periphery.
Bank of England and the Bank of Japan officials will come to the Teton mountains likely to talk about how they might have to push more money into their economies to stimulate growth, a last resort when benchmark interest rates approach zero.
"It's not just the U.S. that stalled in June and July, it's the world economy that hit a wall over the summer months," said Ellen Zentner, a U.S. economist for Bank of Tokyo-Mitsubishi UFJ in New York.
