Bernanke to indicate willingness to ease monetary policy: Gerard Lyons

Ahead of a crucial speech from Federal Reserve chairman Ben Bernanke at the Jackson Hole summit, Gerard Lyons, Chief Economist and Group Head, Global Research, Standard Chartered expects Bernanke to give an indication of further monetary easing. Lyons feels that Ben Bernanke's speech will reflect a bias towards easing without actually divulging any details about the nature or timing of the Fed's next move. Lyons also feels the focus will now shift towards the ECB which is scheduled to meet in the first week of September.