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Bernanke: No new stimulus measures are outlined, but as usual, he says the Fed stands ready to...

Bernanke: No new stimulus measures are outlined, but as usual, he says the Fed stands ready to act as needed. The cost of non-traditional policies (QE) "appear manageable." The economy is "far from satisfactory," and labor market stagnation creates enormous suffering.
Comments (10)
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    I'm shocked, shocked I tell you!
    31 Aug 2012, 10:06 AM Reply Like
  • benfromchicago2689
    , contributor
    Comments (67) | Send Message
     
    What do you expect him to say? "The Federal Reserve is buying bond as I speak..." NOT.

     

    He'll wait for the September Unemployment data and makes his decision at the September FOMC.

     

    I think if he can help it, he will avoid any QE3 until after the election to avoid the perception that his decision turns too political.
    31 Aug 2012, 10:10 AM Reply Like
  • Jason Aycock
    , contributor
    Comments (109) | Send Message
     
    I don't disagree here ... but it reminds me of what people said before: "Whattaya crazy, he's not gonna act now, he'll make a move at Jackson Hole!"
    31 Aug 2012, 10:15 AM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    The point being that there's not going to be any significant new actions from the Fed unless there's a significant new downturn. This is a simple concept.
    31 Aug 2012, 10:17 AM Reply Like
  • benfromchicago2689
    , contributor
    Comments (67) | Send Message
     
    So FOMC is going to wait for the September and October NPR. If it show steady improvement, there will be no QE3.

     

    It is my personal opinion only and I know all the Ron Paul supporter will vehemently disagree but I truly think Bernanke has been doing a great job since 2008. QE2 is non-inflationary so far and of course QE1 helped us avoid the Great Depression 2. I don't think Bernanke will start QE3 unless he deems it absolutely necessary.
    31 Aug 2012, 11:54 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    He always has his hand on the trigger...the threat of action is much more threatening than the actual action...by design no doubt
    31 Aug 2012, 10:10 AM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    Maybe he finally pumped some gas and visited the grocery store just prior to making the decision?
    31 Aug 2012, 10:11 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Trying to imagine Bernanke doing that...nope, can't do it. :-)
    31 Aug 2012, 10:13 AM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    SPX will shed 50+ points next week. Tuesday will be a sea of red.
    31 Aug 2012, 10:17 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    He needs to do something to keep the market up, at least until the end of Sept. By 2nd week of Oct, people will be getting their qrtly 401K reports and if it is in the red, Barry O. will not be happy with Ben.
    31 Aug 2012, 10:32 AM Reply Like
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