Wall Street pressured by economic concerns
August 26, 2010
Federal Reserve Chairman Ben Bernanke in a speech on Friday is likely to discuss the uncertain prospects for the economy but isn’t expected to give many clues about whether the U.S. central bank will pump more cash into the economy to keep the recovery going.
“Bernanke will try to keep everyone calm as usual … but the fact is there are no bulls out there and everyone is just too bearish (to be calmed),” said Keith Springer, president of Springer Financial Advisors in Sacramento, California.
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