Bernanke Stays the Course With QE3
"Steady as she goes" was the clear, if implicit, message Federal Reserve Chairman Ben Bernanke gave to Congress on Tuesday.
As Wall Street begins to question if the central bank will scale back its monetary stimulus later this year, Bernanke gave every sign that asset purchases will continue unabated.
"The proposed 'review' of asset purchases scheduled for the March meeting will likely be a non-event," wrote IHS Global Insight economist Paul Edelstein.
Source: Investors Business Daily. Read full article. (link)
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