Decoding Bernanke
Federal Reserve Chairman Ben Bernanke has been struggling since his May 22 testimony to the US Congress to deliver a clear message about the future of Fed policy. Two months later, financial-market participants remain confused about what his message means for the future of US monetary policy and market interest rates.
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CAMBRIDGE – Federal Reserve Chairman Ben Bernanke has been struggling to deliver a clear message about the future of Fed policy ever since his May 22 testimony to the US Congress. Indeed, two months later, financial-market participants remain confused about what his message means for the direction of US monetary policy and market interest rates.