What Markets Really Think Bernanke Will Say on Friday

This Friday will be pretty interesting to watch out...

Full article here: CNBC

The drum roll to Ben Bernanke’s Friday speech in Jackson Hole is getting louder, and yet there is not much new the Fed chairman is likely to share with markets.

James Keith | Flickr Open | Getty Images Jackson Hole, Wyoming

Bernanke speaks at 10 a.m. ET Friday at the Fed’s annual symposium in Wyoming, and traders are hoping for some new insight into what the Federal Reserve (learn more) is thinking, including whether and when the Fed might take further easing steps.

However, economists and Fed watchers don’t expect Bernanke to say much new, as the Fed continues to weigh incoming economic data ahead of its Sept. 12 meeting.

“I don’t think Bernanke is going to be signaling what the Fed is going to do. lt’s too close and it’s too close a call for him to be signaling anything,” said Bruce Kasman, chief economist at JPMorgan.

Bernanke’s speech follows weeks of speculation about whether the Fed will carry out another round of quantitative easing (learn more), or asset purchases.

(Confronting the Crisis: Tune in all day Thursday and Friday to CNBC for coverage on the Fed at Jackson Hole.)