Bernake Live

Bernanke's Jackson Hole speech contains no comments about the current economy or rate policy. Instead, he focus on issues related to globalization.

He says "economic and technological changes are likely to shrink effective distances still further in coming years, creating the potential for continued improvements in productivity and living standards and for a reduction in global poverty."

He added "the challenge for policymakers is to ensure that the benefits of global economic integration are sufficiently widely shared...that a consensus for a welfare-enhancing change can be obtained."