Bernanke to speak in Wyo. after mixed bag of econ. reports

Tools

Story Published: Aug 27, 2010 at 2:00 PM MST

Story Updated: Aug 27, 2010 at 2:00 PM MST

WASHINGTON (AP) — Federal Reserve chief Ben Bernanke (bur-NANG'-kee) will speak Friday at a closely watched conference in Jackson Hole.

The Fed chairman's speech comes a day after the Mortgage Bankers Association reported one in 10 American households with a mortgage was at risk of foreclosure this summer.

That grim figure was met with a glimmer of good news in the jobs market. The Labor Department reported a modest decrease in the number of Americans filing for unemployment benefits for the first time in a month.

But, last week's seasonally adjusted 473,000 filings is still too high to bring down the unemployment rate.

Investors hope Bernanke's speech Friday will shed light on how weak the U.S. economy really is and whether the Fed may take more steps to revive it.

Add a comment

Name:

Comment: 1000 Characters Left

KULR-8 News, Sports, Weather and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

Your Weather Authority

Icon
Current Temp 31.0 °F
Fair
Wind : Southeast at
5.8 mph
Humidity : 67 %
Pressure : 30.41 in
More Weather

Party America Sky Cam

More Weather

On Demand

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Links We Like