Bernanke says central bankers “alone cannot solve the world’s economic problems”; Trichet says postponing cuts in debt risks Japanese-style “lost decade”
Aug 29th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Federal Reserve chairman, Ben Bernanke, suggested on Friday at the Fed's annual economic symposium at Jackson Hole, Wyoming, that bolder steps maybe taken by the central bank if the US economy continues to falter. However, he warned that central bankers "alone cannot solve the world's economic problems." Meanwhile, European Central Bank president, Jean-Claude Trichet said postponing cuts in public and private sector debts would be “very dangerous” and risks a Japanese-style “lost decade."