annatimone's Blog

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Fed: Dudley speaks on regulation

Nothing on monetary policy or the outlook from the NY Fed President:
  • Need to do more to curb the odds of bank failures
  • Resolution plan not enough to solve too big to fail
The Fed can’t solve too-big-to-fail and Washington can’t solve anything.
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What To Expect From Ben Bernanke?

US Federal Reserve Chairman Ben Bernanke's semi-annual testimony on monetary policy before the Congress is one of the key market-moving events. Especially this time, it will be Bernanke’s last time in front of Congress before his term ends in 2014. Bernanke heads to Capitol Hill on Wednesday and Thursday, first going up to the House Financial Services Committee to deliver the semi-annual monetary policy report, and the next day heading to the Senate Banking Committee. Now, the markets have…
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Nadin5794 avatar

this official repeatedly misled the markets, it is better to refrain from trade during his performance

mag avatar
mag 17 Lip

You're absolutely right. Send a confusing message.
My experience tells me that it is better to wait to rule and see the trend of the market.

annatimone avatar

Absolutely! Bernanke is being diplomatic and playing “safe” with his comments. About two months ago he said that Federal Reserve will end bond buying program by Fall months or by the end of the year. On July 10th he said that bond buying program will not end until we have some positive economic data and interests rates will not go up automatically when unemployment comes down to 6.5% mark. Bernanke is a smart and experience man. I think he definitely knows what he is doing, which is creating volatility in the market to keep stock prices up…..and of course, protecting himself.

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