Federal Reserve State of Play

From imarketnews.com

Since Fed Chairman Ben Bernanke gave his first press conference following a Federal Open Market Committee meeting last Wednesday, little has changed in the outlook for monetary policy. Which is to say that the Fed is edging closer to an eventual tightening of some sort, but it remains well down the road. Two days after his press conference, Bernanke went out of his way, in a speech at a Fed-sponsored Community Development conference, to stress economic weakness and headwinds. He said a "moderate recovery" is bringing "gradual" labor market improvement. But he said the economy is ... (full story)