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Friday, Jun 21
More from Hilsenrath: While the taper and end of QE may be near, Bernanke never suggested rate...
More from Hilsenrath: While the taper and end of QE may be near, Bernanke never suggested rate hikes are in the picture, and even suggested ZIRP could remain even after unemployment falls below 6.5%. Additionally, only 4 on the FOMC thought there would be higher rates before 2014, one less than the last projection in March. Don't forget dissent #2 - "A hawk became a very vocal dove," writes Hilsenrath, referring to Jim Bullard (ed: Calling Bullard a hawk is a stretch). Previous: Bullard explains his dissent. The 1 PM headline was good for 100 points on the Dow (DIA), but it's now returned to flat.