Bernanke's speech likely to disappoint those looking for immediate action (Read more)
Reiterates Fed has range of tools if need more stimulus and says merely that Fed will continue to consider tools etc at 2-day Sept FOMC.
Reiterates Fed "is prepared to employ its tools as appropriate" but he does not discuss conditions that would spark ease.
Bernanke mentions long-term unemployment's high, need for fiscal reforms and a better fiscal process, but says short-term pro-growth (jobs) policies can spur employment though most of these are outside Fed's purview. Must remain alert to risks to outlook.
Bernanke discloses Sept FOMC will be 2 days on Sept 20-21 (was orig only one day) for "fuller discussion" of policy, tools, econ-fin