In delivering a testimony that didn't rattle markets for a change, Federal Reserve Chairman Ben Bernanke may have mastered the art of communicating a message that's neither too hawkish nor too dovish, analysts say.
Bernanke, who spoke before the House Financial Services Committee on Wednesday, reiterated that the U.S. central bank would likely begin tapering its massive monetary stimulus later this year, but reassured that policy would remain accommodative and could change depending on economic data.
(Read More: Markets expect more of the same from Bernanke)
The message seemed to have resonated with markets which appeared untroubled by the "taper talk." U.S. stocks closing marginally higher on Wednesday and Asian equities edged up on Thursday.
"They say practice makes perfect, and there is no doubt that Bernanke has now managed to strike an also most perfect accord between the hawks and the doves after a slight 'sneeze' at the May testimony," wrote Evan Lucas, market strategist at IG Markets.
(Read More: 'Taper' talk bumps bond yields, drives down stocks)
"His language has managed to completely separate QE monetary stimulus tapering and the cash rate, as well as clarifying that bond purchases are 'by no means in a pre-set course'," he added.
In recent months, Bernanke's comments on the prospect of the Fed scaling back its $85 billion a month bond buying program have triggered wild swings in markets.
Global stock markets first sold off in May, when Bernanke said the Fed could reduce the pace of monthly bond purchases at the "next few meetings." But the Fed chief's hawkish tone has changed considerably since; last week, he struck a dovish note by saying accommodative monetary policy would be needed for the foreseeable future, sending stocks rallying.