Ben Bernanke spoke today before Congress; click HERE for his prepared remarks. The markets appear to have seized on the paragraph about potential further easing of monetary conditions. They appear to be ignoring that the text spends one paragraph on easing but two paragraphs on potential tightening. Earlier in the text, he reiterates the Fed’s [...]
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The dog that is not barking in the financial media may be the lack of discussion of the title question. Presumably, Chairman Bernanke and Treasury Sec’y Geithner have had more than a chat or two about how the latter man is going to keep the Treasury in business once the former ends his purchase of [...] By Jeff Harding Fed Chairman Ben Bernanke warned Congress about the risks of Obama’s massive spending schemes: Federal Reserve Chairman Ben Bernanke warned Congress and the White House that the U.S. economy will suffer if they don’t move soon to rein in the federal budget deficit, which the Fed chief blamed for helping to push long-term [...] |
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