Eurozone Economy Grows for 22nd Straight Month, Report Shows

PARIS — The eurozone economy expanded for a 22nd consecutive month in April, a private sector report showed on Thursday, but the modest pace of growth disappointed some analysts looking for more vigor resulting from the European Central Bank’s bond-buying program.

The Economist: “The Fed's have-it-both-ways policy”

R.A., regarding Bernanke’s Jackson Hole speech, your column notes that you “found the tone on monetary policy to be confusing and timid.” Expectations now turn to what President Obama will say next week and what the Fed will do (or not do) when they next meet. Uncertainty again prevails.

Alexander Mirtchev