And Now... Another Week To Spend Obsessing Over The Fed
REUTERS/Jim Young
Well then you're in luck, because this week is another big week for that.
On Wednesday, Bernanke gives his semi-annual testimony to Congress on monetary policy.
From Nomura:
The Chairman will no doubt continue to stress that any decision to raise short term interest rates is still a long way off, and is essentially independent from decisions about asset purchases. We will look to see if he clarifies the
Among the topics that will be interesting to investors: What does he say about rising interest rates?
At his speech last Wednesday he hinted for the first time that the spike in rates was a cause for concern, as it represented a form of tightening of financial conditions that could hinder the recovery. It seems likely that Congressmen will be interested in this topic, as well.
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