"(Bernanke) left little doubt that he is looking toward doing more to give the economy a lift at the Fed's next policy meeting in September," is Fed-whisperer Jon Hilsenrath's interpretation of The Chairman's speech (perhaps assisted by some off-the-record comments?). The focus on the economy's weakness not being structural is key, says Hilsenrath, for if it's not structural then the Fed can do something about it. Stocks move to session highs.
"(Bernanke) left little doubt that he is looking toward doing more to give the economy a lift at...
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