Bernanke defends easing but holds off for now

Commentary: Central banks must be as active as neccessary without risking inflation

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At the end of each August, the world’s central bankers gather in Jackson Hole, Wyo. Sit around the ol’ campfire singin’ sad songs, goin’ fishin’ in pin-striped suits, and tellin’ tales about the big trout that got away. This year, most of ’em.