It was a volatile trading day on Wall Street after the FOMC Minutes were released, reports CNBC's Josh Lipton. Discussing the impact from QE on the markets, with Art Hogan, Lazard Capital Markets; Austan Goolsbee, Chicago Booth School of Business; and Mark Olson, Treliant Risk Advisors.
It was a volatile trading day on Wall Street after the FOMC Minutes were released, reports CNBC's Josh Lipton. Discussing the impact from QE on the markets, with Art Hogan, Lazard Capital Markets; Austan Goolsbee, Chicago Booth School of Business; and Mark Olson, Treliant Risk Advisors.
Mad Money host Jim Cramer dissects the Fed Minutes, saying any person or institution with money is being force-fed equities and this is the reason for amazing returns.
Crude dropped on Wednesday, after data showing a surprise jump in U.S. gasoline stockpiles sparked worries that summer demand could be weaker than expected.
'A number of participants' on the FOMC this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as summer.
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.