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Bernanke Puts Off Easing Talk Until Sept. FOMC

pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
1. Friday, August 26, 2011 - 10:10 AM
I suppose it's best if he doesn't say anything at all.
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,629
2. Friday, August 26, 2011 - 11:11 AM
There is good news and bad news here:

The good news is that Bernanke has decided to postpone QE3, or whatever other bomb he intends to drop on us savers.

The bad news is that September starts six days from today, and the September FOMC meeting is only a few weeks away.

shinobyshinoby9 posts since
Feb 7, 2011
Rep Points: 127
3. Friday, August 26, 2011 - 8:29 PM
Bernanke today also clarified the Fed’s recent guidance that short-term interest rates are likely to remain exceptionally lowuntil mid-2013, saying that it is the most likely outcome rather than a certainty. “In what the committee judges to be the most likely scenarios for resource utilisation and inflation in the medium term, the target for the federal funds rate would be held at its current low levels for at least two more years,” Mr Bernanke said.
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,629