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Not a promise of another bout of QE, Bernanke's speech today may have been in response to the...

  • Monday, March 26, 2012, 10:41 PM ET
    Not a promise of another bout of QE, Bernanke's speech today may have been in response to the emerging market view (encouraged by hawkish FOMC members) that the Fed could raise rates as early as next year, writes Jon Hilsenrath. The Chairman isn't intending to tighten policy soon and certainly doesn't want the markets doing it for him.
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This news story has 5 comments:

  •  
    People will not accept negative real interest rates forever. The Bernank is managing a tough position after successfully manipulating the bond and stock markets.

    My best guess is a correction, followed by a new high, when global growth and profit margin worries kick in. 2nd Half 2012 will be something like 2011 with political, tax and debt issues at the forefront.

    Obi Wan Bernanke continues to push the market up with his easing talk but he is severely restricted by inflation and hawkish Fed members.
    26 Mar 2012, 10:52 PM Reply Like
  •  
    A government institution will take action to support stocks in an election year. However Bernanke is correct that growth is not sufficient to be raising interest rates. We need employment and economic growth that lessens the overall debt load.
    26 Mar 2012, 11:46 PM Reply Like
  •  
    The hawkish board members that voted against the current policy rotated off the FOMC at the end of the year and are now non-voting members.

    Right now the FOMC is stacked with doves.
    26 Mar 2012, 11:59 PM Reply Like
  •  
    If the Bernanke could do this everyday for the next 8 months Obama might win re-election, but since he can't I expect the whole thing to collapse like a house of cards. The Fed is screwing the retired investor and anyone who won't bite on the equity market and I have never seen the the market rise like this on such weak volume. The one thing the government can't hide is the poor 1st quarter earnings you should expect to see out in the next couple of weeks.
    27 Mar 2012, 12:00 AM Reply Like
  •  
    "The one thing the government can't hide is the poor 1st quarter earnings you should expect to see out in the next couple of weeks."

    Those are my sentiments, but then again, when you have analysts that set low earnings expectations, and a company beats them by a penny, the market will go crazy.
    27 Mar 2012, 02:48 AM Reply Like
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