“Ben Bernanke has a lot of hype to live up to this week when he delivers a speech from Jackson Hole, Wyo., the Federal Reserve chairman’s grandest stage,” Kevin Carmichael wrote in a Globe and Mail online article on the weekend. Carmichael continued, “This week’s economic calendar is packed, bringing a revised estimate of U.S. economic growth, new data on household consumption and fresh inflation numbers. Yet what Wall Street cares about most is Mr. Bernanke’s speech at the Kansas City Fed’s annual economic symposium, where his yearly speeches have attained mythic status – a status that has thrown a deep divide between economists who feel the real value of the talks have been exaggerated, and Wall Street, which tends to create its own reality.” Read the full article here.
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