"Bernanke Says Rising Wages Will Lift Spending"

Tuesday, August 3, 2010
"Investors and the public have been closely watching signals about the economy and the Fed’s possible policy moves to address problems. While the United States has “a considerable way to go” for a full recovery, “rising demand from households and businesses should help sustain growth,” Mr. Bernanke said on Monday in a speech in Charleston, S.C. “We are maintaining strong monetary policy support for the recovery,” he said in response to an audience question, without discussing any further action the Fed could take to aid growth. The remarks signal that Mr. Bernanke and his colleagues, when they meet in Washington next week, will stop short of making major changes in their policy statement or taking new steps to lower interest rates and reduce unemployment, said John Ryding, a former Fed researcher." Read more. "Bernanke Says Rising Wages Will Lift Spending" Bloomberg News The New York Times, August 2, 2010. Image by Salvatore Vuono / FreeDigitalPhotos.net.