Highlights From Bernanke's Speech

Here are some highlights of the much anticipated Jackson Hole speech from Federal Reserve Chairman Ben Bernanke.

-Bernanke called for education reform, and proactive housing policies.

-Bernanke said the Federal Reserve extended its September FOMC meeting to 2 Days to allow for more discussion.

-Bernanke says economic growth in second half likely to improve.

-Bernanke says the Fed has a range of tools for stimulating growth, but did not give what they were. -He said the recovery will probably strengthen over time. -Pace of U.S. recovery has proved disappointing.

-Bernanke did not signal any new steps for promoting growth.

-Bernanke calls for good proactive housing policies from Congress. $$

-He said that the European sovereign debt crisis, debt ceiling and S&P downgrade all altered growth. $$

-Bernanke said the FOMC discussed the cost and benefits of additional measures at August meeting. Fed prepared to use tools as appropriate.

-Bernanke expects inflation to settle at or below 2%.