Market hope hangs on Bernanke
By David Gura
David Gura: Members of the Federal Reserve have signaled they’d be willing to support further action if the economy gets worse. In the past, the Fed has pushed down interest rates, but now, they’re at all-time lows. Karen Petrou is with Federal Financial Analytics, and she says that, despite the fact there’s not much more the Fed can do, investors are hopeful Ben Bernanke will decide to do something. Karen Petrou: The big issues for him are the hints that the market was so ecstatic about yesterday, that there will be some new Fed easing. Fed easing, that the Federal Reserve will decide, once again, to buy more bonds. But skeptics are worried about inflation, and about the Fed, overstepping its bounds.
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