Forexpros – The U.S. dollar ended the week lower against almost all of its major counterparts on Friday, after comments by Federal Reserve Chairman Ben Bernanke spurred demand for higher yielding assets.
In a speech at the central bank’s annual retreat in Jackson Hole, Wyoming, Bernanke said the Fed remained prepared to implement fresh measures to stimulate the faltering U.S. economy, but stopped short of outlining when and if this may happen.
Bernanke said that the bank’s September policy-setting meeting would run for two days instead of one, in order to “allow a fuller discussion” of the economic outlook.
In a speech at the central bank’s annual retreat in Jackson Hole, Wyoming, Bernanke said the Fed remained prepared to implement fresh measures to stimulate the faltering U.S. economy, but stopped short of outlining when and if this may happen.
Bernanke said that the bank’s September policy-setting meeting would run for two days instead of one, in order to “allow a fuller discussion” of the economic outlook.
