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Article: Bernanke awaits his fate; COMMENT.(Business)
- Article from:
- Daily Mail (London)
- Article date:
- August 25, 2009
CopyrightCOPYRIGHT 2009 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: by ALEX BRUMMER City Editor
ONCE a year, while much of the banking establishment has escaped to the Hamptons or the Med, a group of the most powerful people in international finance quietly gathers in the shadow of the Grand Teton mountains in Wyoming.
Away from the maddening noise of the financial markets, central bankers, invited by the Federal Reserve Bank of St Louis, seek to impart wisdom on the shape of the global recovery.
At this year's session the mood from the podium was a sense of relief that action, often led by central banks, had prevented the bankruptcy of Lehman Brothers from becoming a trigger for a second Great ...