Fed's Bernanke's text says Fed is still looking at...
Fed's Bernanke's text says Fed is still looking at the monetary
aggregates despite measurement problems. This speech is a history lesson
and is not really about current Fed policy. It is titled "History of
Monetary Aggregates at the Federal Reserve" and it is being presented
via satellite (Bernanke remains in Wash. D.C.) to the European Central
Bank Conference in Frankfurt, Germany. There will be a "controlled Q&A"
later.