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Bernanke Back in the Hot Seat as QE Expectations Cool
As markets enter the month of March, central bankers are sounding a bit more like “lions,” than the usual “lambs.” Fed Chairman Ben Bernanke dealt markets a surprise Wednesday when his comments during the first of two days of Congressional testimony suggested that another round of easing may not necessarily be in store. He helped send stocks lower, the dollar higher and precious metals to their worst day in more than two months. Traders said it was more about what Bernanke didn’t say than what he did say. “It was different because I think what we saw was Bernanke questioning the appropriateness of more ... (full story)
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