Economy/Business News Alert: Bernanke pledges vigilance but offers no specific plan on economy

---------------------------------------- Economy/Business News Alert: pledges vigilance but offers no specific plan on economy August 26, 2011 10:09:39 AM ---------------------------------------- Federal Reserve Chairman Ben S. Bernanke said Friday that the central bank will "employ its tools as appropriate" to try to stimulate the economy, but he stopped short of indicating that the Fed may begin buying billions of dollars in bonds or taking other specific actions to try to stimulate growth. Wall Street had been looking for signs of new intervention in Bernanke's speech in Jackson Hole, Wyo., as the economic recovery falters. Bernanke said "bouts of sharp volatility and risk aversion" in global markets have recently reemerged in reaction to concerns about both the U.S. fiscal situation and the European debt crisis. He said there is little doubt that these threats "pose ongoing risks to growth." http://link.email.washingtonpost.com/r/RRHKUP/GKRHIL/PTA2SU/H0CLQM/NXYKQ/N9/h For more information, visit PostBusiness.com ---------------------------------------- Get a unique daily review and analysis of the debt, deficit and economy debate. Sign up for Behind the Government Showdown: http://www.washingtonpost.com/ac2/wp-dyn?node=admin/email/express&action=subscribe&newsletter_code=GVTSHTDN ---------------------------------------- Get breaking news alerts sent to your mobile phone. Sign up by texting NEWS to 98999. To unsubscribe, click here ---------------------------------------- ©2011 The Washington Post Company Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, DC 20071