RSS Feed
Twitter
Facebook
Email
HomeI Think Bernanke Just Indicated a Tightening
Posted by Larry Doyle on February 10th, 2010 10:52 AM |
Fed Chair Ben Bernanke
I think Fed Chair Ben Bernanke just sent a very clear sign that he is getting ready to start tightening monetary policy.
Be mindful that Bernanke, as with every Fed chair, chooses his wording very carefully. While many market strategists and economists seem to be dismissive of Bernanke’s comments this morning, I beg to differ. The fact that Bernanke used the phrase “before long” in regard to his view on a shift in the discount rate is a very clear sign that he will soon start to raise selected rates.
How did Bernanke deliver this message? (more…)
