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Top economists and central bankers from around the world gathered in Jackson Hole, Wyoming to discuss economic growth
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Top economists and central bankers from around the world are gathering here in Jackson Hole Wyoming for the 35 annual.
Central bankers conference were helping small business as at the top of the agenda.
One of the problems getting rid of uncertainty.
So that small businesses will start borrowing more money to grow and create jobs.
Small businesses are facing uncertainty on three fronts.
Economic uncertainty tax uncertainty and they're facing a plethora of new regulations from Department of Labor to EPA.
Bank regulators are.
In the harshest examination.
Environment in decades against community banks and so community banks -- risk adverse.
Businesses risk adverse and therefore you don't have any business small business lending going on.
Small businesses and small banks create about 45%.
Of all new jobs and if you don't have landing if you don't have small businesses expanding you don't have job pre.
We do have this enormous debt overhang.
The American consumer.
We have to change the dynamics we've safe virtually nothing for.
Years and we have to change the dynamics.
If we know that and if we focus on that I think we can change the future.
In terms of our growth and job creation in this country.
The keynote speaker here was Fed Chairman Ben Bernanke who update of participants on his outlook for the economy and outlined additional steps the Fed may take to help stimulate economic growth.
That's it for this edition of the small business report.
And Jackson -- on Peter Barnes Fox Business Network.
