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It is this commitment to intervene without limit that has cowed speculators hoping to profit from bond-market distress.
It's not necessarily a mistake to go in this direction, but it will require a commitment to intervene that is unprecedented".
At an annual Fed policy symposium last weekend in Jackson Hole, Wyo., Mr. Bernanke explained the Aug. 10 decision and reiterated the Fed's commitment to intervene if necessary.
Since the crisis is largely one of confidence, it is likely that bond markets would stabilize without the need for large-scale bond purchases, once there was a credible commitment to intervene where necessary.
The Irish Survivors of Child Abuse, a group representing children abused in child-care homes and residential schools managed by Roman Catholic orders, said in a statement that the apology was "unprecedented" and that the group welcomed the pope's commitment to intervene in the workings of the church in Ireland by sending an apostolic delegation to investigate the abuses.
It comes a little more than a week before the E.C.B. Governing Council is expected to provide details of how it would carry out a commitment to intervene in bond markets to contain borrowing costs for euro zone countries including Spain and Italy.
Similar(50)
George Stephanopoulos notes that Obama seems unwilling to make a big public commitment to intervening in Syria, and Raddatz says that once he's got a toe in, he's in all the way.
UN member states need to make the commitment to help intervene in a global hot spot in any way that the General Assembly deems necessary to prevent violence.
This would come with strings attached (how onerous remains unclear) but would activate the commitment by the ECB to intervene in bond markets to bring down Spain's borrowing costs.
The "Armageddon" envisaged by Tapsell appears to raise the prospect of Britain having to intervene under its Nato commitment.
Zenefits is also urging Utah Governor Gary Herbert to intervene as part of his commitment to support tech innovation in the state.
More suggestions(14)
commitment to engage
pledge to intervene
determination to intervene
commitment to lay
commitment to respond
commitment to assist
commitment to speak
commitment to intervening
obligations to intervene
commitment to measures
commitment to intervention
pledged to intervene
intention to intervene
willingness to intervene
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com