Federal Reserve chairman Ben Bernanke in the Jackson Hole meet on August 26 stopped short of signalling further action to boost growth, but said it was critical for the economy's health to reduce long-term joblessness.
Professor Moorad Choudhry, head of business treasury, global banking and markets at the Royal Bank of Scotland gives a more detailed perspective on what the Fed chairman did say or, in fact, didn't say, on Friday. Here is an edited transcript of ChoudhryDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
