In his speech Friday at Jackson Hole, Federal Reserve Chairman Ben Bernanke made it clear that the Fed stands ready to help the economy with further quantitative easing. But he also acknowledged the headwinds now facing the economy — challenges that may be immune to QE3′s tonic

Second, spending cuts at all levels of government have hurt business activity. Plus, uncertainty about the fiscal cliff and lifting the federal debt ceiling “are probably also restraining activity,” Bernanke said.

So, stimulus on all fronts.

I am a little surprised, with the election around the corner, I thought he would commit to a date. Operation Twist is still going, so until that ends…?

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