From the Bernanke NBER speech Q&A session: In response to a question regarding the...
From the Bernanke NBER speech Q&A session: In response to a question regarding the volatility in markets occasioned by the Fed's "contingent plan for reducing asset purchases" hinted at last month, Bernanke says he is "a big believer in transparency and communication" and asks listeners to consider the counterfactual - "if we hadn't said anything [and] market perceptions had drifted away from the Fed's thinking … more highly levered risk-taking positions" might have cropped up.
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