fed chairman s speech in jackson hole wyoming and stocks in the u.s. rallied in reaction. here are the highlights: bernanke said even though the economy has benefited from fed policies over the past few years. the outlook is still quote far from satisfactory. he described the high unemployment rate a grave concern. he believes the fed should continue using non-traditional policies to spur growth. and bernanke concluded by saying the fed will provide additional policy accommodation as needed. tom: that statement was a buy signal for investors. they bought up stocks on the belief that the fed is on the verge of taking more action to stimulate the economy. blue chips rallied triple digits but pulled back by the close. the dow jumped 90 points. the nasdaq added 18 and the s&p rose seven. traders liked what they heard from the bernanke today. traders saw some optimism with the last line of bernanke s speech after some positive comments that the e.c.b. might be getting close
economy needs more stimulus and he s ready to give it another dose to boost grth. his message was clear and delivered with conviction. investors around the world had been waiting eagerly to hear the fed chairman s speech in jackson hole wyoming and stocks in the u.s. rallied in reaction. here are the highlights: bernanke said even though the economy has benefited from fed policies over the past few years. the outlook is still quote far from satisfactory. he described the high unemployment rate a grave concern. he believes the fed should continue using non-traditional policieso spurrowth. and bernanke concluded by saying the fed will provide additional policy accommodation as needed. tom: that statement was a buy signal for investors. they bought up stocks on the belief that the fed is on the verge of taking more action to stimulate the economy. blue chips rallied triple digits but pulled back by the close. the dow jumped 90 points. the nasdaq added 18 and the s&p rose sev