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Posts Tagged ‘Fed policy June 2013’

Ben Bernanke: My Work is Done Here

Posted by Larry Doyle on June 19th, 2013 4:29 PM |

I just listened to the release of the FOMC’s statement and juxtaposed that with the Q/A with Big Ben.

I detected some not so subtle differences in these deliveries, and clearly the market did as well.

The markets were remarkably stable after the initial release as the Fed stated that its policy remains unchanged and there was no hint of tapering asset purchases as has been the concern since that term was used by the Fed a month ago.

The statement had a mildly positive spin on the economy but nothing overly exuberant as to serve as a warning sign that the Fed might begin to pull in on the reins so to speak. In fact, the rate of inflation remains well below the long term target of 2% so that should actually allow greater leeway for the Fed to stay the course with its current policy.

Then the afternoon took a decidedly different turn of events. (more…)






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