During Jackson Hole testimony, Fed Chairman Bernanke announced that the September FOMC meeting would be extended to two days in order to provide more time to discuss the economic situation and the possible costs and benefits of various tools that may be used to help the economy. Bernanke recently warned that monetary policy was no cure all instrument and added that most of the economic policies that support robust economic growth in the long run are outside the province of the central bank. He mentioned however that monetary policy could help long term growth, notably by promoting a stronger recovery in the short term. This may positively impact the level of long term unemployment, avoiding an erosion of skills and loss of attachment to the labour force. So, investors gradually raised expectations that the Fed is seriously considering to do ‘something’ to reinforce economic growth, especially as the economic news had worsened since (e.g poor payrolls) while market tensions have intensified, too. The Minutes of the August meeting showed also that some governors wanted already to go further in easing. So, there are several indications that the Fed probably doesn’t want to wait for much longer to ease policy.