Wednesday, May 22, 2013

Listening to Testimony

However, it seems very strange that there are 4 F_E_D speakers out this week- not including unofficial F_E_D mouthpiece Hilsenrath from WSJ after the close 2 Friday's ag0 , all hinting at there's something coming in the minutes, Bernie's testimony sounds 180 degrees different as expected, but I didn't even expect him to sound this dovish, it sounds like he's really trying to pre-empt the minutes...


  • BERNANKE: PREMATURE TIGHTENING RISKS SLOWING OR ENDING RECOVERY
  • BERNANKE REPEATS POLICY TO STAY ACCOMMODATIVE AS LONG AS NEEDED
  • BERNANKE SAYS MONETARY POLICY PROVIDING SIGNIFICANT BENEFITS
  • BERNANKE SAYS POLICY CAN'T FULLY OFFSET FISCAL DRAG ON ECONOMY
  • BERNANKE: HIGH RATES OF UNEMPLOYMENT `EXTRAORDINARILY COSTLY'

No comments: