Dovish Bernanke Comments Has Risk Assets Higher
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Dovish comments during the Q&A section of Fed Chairman Ben Bernanke's '100 Year' speech tonight has put a solid bid under stock futures in extended trade. Meanwhile, the dollars is lower and gold is higher.
The Charmain said the current inflation, jobs situation signals that more Fed stimulus is needed and he said the "overall thrust" of Fed policy is "accommodative."
Bernanke said he sees some "significant risks" that require monitoring and said it is too early to say the U.S. economy weathered fiscal restraint.
Bernanke said the Fed expects inflation to "come back up," and said the U.S. dollar "seems to be doing ok."
The Charmain said the current inflation, jobs situation signals that more Fed stimulus is needed and he said the "overall thrust" of Fed policy is "accommodative."
Bernanke said he sees some "significant risks" that require monitoring and said it is too early to say the U.S. economy weathered fiscal restraint.
Bernanke said the Fed expects inflation to "come back up," and said the U.S. dollar "seems to be doing ok."
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