Bernanke defends easing but holds off for now

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

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.