Ben Bernanke indicated that the sluggish economy and other economic markers make the case for “ further action”. The Fed Chairman warned that the next move would depend on the incoming data on the economy. Other Fed official are weighing in indicating they are looking for more “quantitative easing”, but most on Wall Street anticipate the Federal Reserve to purchase long-term Treasury bond as a step toward monetary action.K. Reilly
Cohn-Reilly Report / News Flash
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