- Ray of Hope: Bernanke Says Fed Will Do `All It Can' to Ensure U.S. Recover,
He also said that the “preconditions” for a pickup in growth in 2011 “appear to remain in place.”
- Talisman Key: The Fed has several tools if prices decelerate
- Communications Strategy: The Fed will keep its benchmark rate low for a “longer period than is currently priced in markets.”
- Market response: The Nasdaq surged 2.5%, the S&P 500 1.5% and the Dow Jones industrial average 1.2%. Nasdaq volume trade rose
Saturday, August 27, 2011
Ben S. Bernanke Talisman Key
In a widely awaited speech by Ben S. Bernanke, says the Fed was prepared to stimulate a battered U.S
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