it was a slow week for the markets, untiltly up, showing a annualized growth rate of 7.1%'s not enough to meaningfully lower the unemployment rate the case price index shows that prices r rose in junfrom the artly link of more than 90% of the oil production in the gulf was shut down because of hurricane isaac. and of course,e are in the peak driving season. than the economic summit in jackson hole? who is there, or who is not? joining us, david wessel, author of the new book "red ink" inside the high stakes politics of the federal budget. david, thank you for joining us. >> a pleasure. >> let's start with the annual conference at jackson, that is highly anticipated. the markets, ben bernanke looking for clues about possible quantatitive easing, he said the tools were ineffective in providing the concentration. >> i think it mea the fed does step in, basically i summarize his speech this way, quantitative easing, the economy is still sick, the medicine can help them, i'm going to give them more medicine, probably in september. >> all right, he needs more data, the jobs number, and all t