HIGHLIGHTS: Bernanke's speech at Jackson Hole Fed conference


By :WASHINGTON (Reuters) - Following are highlights from U.S. Federal Reserve Chairman Ben Bernanke's pr
Date posted :2009-08-21 09:51:00

BERNANKE ON CURRENT STATE OF ECONOMY

"After contracting sharply over the past year, economic activity appears to be leveling out, both in the United States and abroad, and the prospects for a return to growth in the near term appear good. ... The economic recovery is likely to be relatively slow at first, with unemployment declining only gradually from high levels."

ON REGULATORY REFORM

"We must urgently address structural weaknesses in the financial system, in particular in the regulatory framework, to ensure that the enormous costs of the past two years will not be borne again."

ON LIQUIDITY RISK MANAGEMENT


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