MoneyWatch.com editors Eric Schurenberg, Jill Schlesinger and Jack Otter, along with economist and blogger Mark Thoma explain what the Fed Chairman's press conference and the FOMC's statement means to you.
After its worst August in years the stock market has rallied back strongly on expectation that the Federal Reserve will initiate a second round of policy ‘easing\' that will re-stimulate the recovery. The Fed is not saying whether it will or won\'t, alternately holding out the carrot and then withdrawing it, keeping investors and traders uncertain but hopeful....
Since late August 2010, the major stock market indexes have rallied sharply higher. The catalyst for the rally was the announcement of QE-2(quantitative easing) by the Ben Bernanke in Jackson Hole, Wyoming. The U.S. Dollar Index has been declining sharply ever since that announcement and the stock markets have inflated higher. Now the Bernank will start holding press conferences after their FOMC announcements....
Both the Asian and European markets rallied along with their respective currencies against the dollar as Federal Reserve Chairman Ben Bernanke was expected to speak to the Senate Banking Committee on Tuesday. Prior to his semi-annual monetary policy testimony, the Euro reached a one-month high against the greenback as the markets expected European Central Banks to hike rates before the Fed....
With the equities markets in complete disarray last week, it is clear the bears have taken the high-ground and bullishness has dropped to its lowest level since March \"��09. Could it happen again? No one knows, but the mood has definitely darkened along with the data. It feels like the calm before the storm....
Ben Bernanke cornering the Bond Market...
Who has more influence on the stock market, the former Fed Chairman Alan Greenspan or current Fed Chief Ben Bernanke? The market has spoken, now you can decide for yourself....
Federal Reserve chairman Ben Bernanke urged banks to lend more to small businesses whose growth and formation depends on access to credit, pointing out that they were “central” to employ at least half of American workers....
In his talk with a panel in charge of investigating the financial crisis, Ben Bernanke, the current Chairman of the United States Federal Reserve, said that regulators must be prepare to shut down the largest institutions if they threaten to bring down the financial system....
Ben Bernanke’s speech on Friday is seen as tipping to U.S. Federal Reserve’s next move....
Fed chairman Ben Bernanke said Monday that federal bank regulators would be examining the legalities of mortgage companies in terms of foreclosure procedures....