Federal Reserve officials face another round of reports projected to show weakening growth amid skepticism they have the firepower to deliver on Chairman Ben S. Bernanke’s pledge to avoid a relapse into recession.
Bernanke, in his Aug. 27 speech to central bankers and economists in Jackson Hole, Wyo., made his strongest statement yet that the Fed alone can’t keep the recovery going. “Strong and stable” growth will “require appropriate and effective responses from economic policymakers across a wide spectrum” as well as private sector leaders, he said.
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