Last week, Wall Street focused its attention on the latest developments on the Fed front as Ben Bernanke testified before the Senate’s Joint Economic Committee in Washington. In his testimony, the chairman reported that the central bank will remain on its current course of action–the $85 billion per month bond purchasing program–though investors may see monetary policy changes in the “near” future. When asked if the Fed had a timeline or plan as to how they will unwind their massive stimulus measures, Bernanke simply replied “I don’t know.” The latest FOMC minutes also reflected the chairman’s uncertainty, stating that a number of participants favored scaling back the bond-buying program, but views differed about what evidence would be necessary to make such a drastic change [see The Cheapest ETF for Every Investment Objective]. And while further commentary pointed towards the Fed having some kind of plan in place but are unsure of when to [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Fiscal Cliff Woes Simmer On Tax Talks ETF Insider: Opportunities In A Pullback ETF Insider: Can Earnings Trump Euro Drama? Inflation ETF Special: 25 ETF Ideas To Fight Rising Prices Ten Worst Performing ETFs Of 2010
Last week, Wall Street focused its attention on the latest developments on the Fed front as Ben Bernanke testified before the Senate’s Joint Economic Committee in Washington. In his testimony, the chairman reported that the central bank will remain on its current course of action–the $85 billion per month bond purchasing program–though investors may see monetary policy changes in the “near” future. When asked if the Fed had a timeline or plan as to how they will unwind their massive stimulus measures, Bernanke simply replied “I don’t know.” The latest FOMC minutes also reflected the chairman’s uncertainty, stating that a number of participants favored scaling back the bond-buying program, but views differed about what evidence would be necessary to make such a drastic change [see The Cheapest ETF for Every Investment Objective]. And while further commentary pointed towards the Fed having some kind of plan in place but are unsure of when to [...]
Click here to read the original article on ETFdb.com.
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