If it sounds like Fed Chair Ben Bernanke is dancing in his testimony, it's because he is doing rhetorical figure eights in trying to signal where the Fed is going.
If it sounds like Fed Chair Ben Bernanke is dancing in his testimony, it's because he is doing rhetorical figure eights in trying to signal where the Fed is going.
Peter Costa, Empire Executions, doesn't think the Fed is going to "do anything different," after listening to Ben Bernanke's testimony today on Capitol Hill.
Sen. Robert Casey, (D-PA), asks the Fed Chairman if he can see any way to reach a bipartisan solution to reforming the current tax law. The ideal solution is to "broaden the base" and "lower the tax rate," Bernanke said.
Sen. Pat Toomey, (R-PA), is concerned how the markets will react if the Fed decides to suddenly sell its holdings. "There is no risk-free strategy," Bernanke counters, but there are "contingency plans" in place he said.
Sen. Daniel Coats, (R-IN), asks how long-term low rates will impact the nation's growing debt problem. Bernanke says the Fed is keeping "close attention" to the potential problem.
Rep. Loretta Sanchez is concerned tight mortgage lending requirements are making it difficult for the middle-class to become homeowners and forcing them to become renters. "Lending requirements are still too tight," Bernanke agrees.
U.S. home resales rose to the highest level in nearly 3½ years as surging prices lured sellers back into the market, which should support the housing sector and economic recovery.
Federal Reserve Chairman Ben Bernanke explains to a Congressional economic committee that the Fed will wind down QE in a way that does no "disrupt" markets.
Steven Ricchiuto,Mizuho Securities; and David Kelly, JP Morgan Funds, provide their views on whether the Fed's chairman will begin to taper its bond-buying program.
The Fed is still months away from beginning the process of scaling back its $85 billion a month bond-buying program, JPMorgan Chief Economist Bruce Kasman tells CNBC.
John Lynch, Wells Fargo Private Bank, and Mark Lehmann, JMP Securities, discuss what's likely driving the recent rally, and what they hope to hear from the Fed's Bernanke when he testifies later this morning on Capitol Hill.