CHICAGO/NEW YORK (Reuters) – The Federal Reserve has moved closer to embarking on a new round of its controversial money-pumping after the central bank and its chairman Ben Bernanke highlighted a grim outlook for the U.S. economy. Bernanke on Wednesday opened the door a bit wider for the Fed to return to buying securities in the months ahead to buttress a weak recovery and keep inflation from slipping too far below its newly adopted 2-percent target. “It sounds like the finger is on the trigger,” said Thomas Simons, a money market economist at Jefferies & Co. …
Quoted from Bernanke has "finger on trigger" for new bond buys on Yahoo! News – Latest News & Headlines
The Federal Reserve chairman has the power and the obligation to end the slump and the human misery that comes with it. So whats stopping him Federal Reserve Chairman Ben S. Bernanke said the central bank still has tools to stimulate a recovery that has been weaker than forecast while sticking to his view It may not seem like much happened yesterday but a very important event occurred. Yesterday the dollar index breached 78.65. The reas that is significant is Tags: gold, scents, inflation, trade, RPT-FOCUS- finger trigger CHICAGO/ YORK Jan 26 (Reuters) The Federal Reserve moved closer to embarking a round of its ctroversial mey pumping after the central bank and Ben s favorable comments from Mday will likely linger in todays trading acti as well even if the csumer cfidence and home price data deck release
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