Mr. Bernanke's Postponement Strategy?

By: Ian Campbell | Fri, Aug 3, 2012
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On Wednesday, August 1 Chairman Bernanke provided an update on the Federal Reserve's position on the U.S. economy. He commented briefly in a negative tone on U.S. GDP growth, unemployment, consumer spending and the housing sector. He said the Fed's U.S. inflation expectations remained stable. He reconfirmed the Fed's policy of reinvesting in U.S. treasuries until December 2012.

Mr. Bernanke did not announce the further quantitative easing the financial markets were broadly thought to be looking for, and that is said to be one of the primary reasons those markets have declined somewhat over the past two days.

My comments:

Topical Reference: Fed Statement Following August Meeting, from Real Time Economics, The Wall Street Journal, August 1, 2012 - reading time 3 minutes.

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
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Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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