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Bernanke's speech is a bust on specifics, says Fed "will certainly do all that it can to help restore high rates of growth and employment in a context of price stability" but gives no clues on how and does not even reiterate or rank remaining tools. Say recovery is not robust and unemployment remains high, calls economy slow and erratic; H2 to pick up but inflation to moderate. Says Fed still has "range" of tools/options, and "My FOMC colleagues and I will continue to consider
those and other pertinent issues, including, of course, economic and financial developments, at our meeting in September and are prepared to
employ these tools as appropriate to promote a stronger economic recovery in a context of price stability."
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