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Bernanke to suggest Fed on dovish course
Financial markets might cheer up a bit after listening to Federal Reserve Chairman Ben Bernanke this week, Fed watchers said Monday. While Bernanke is expected to stop short of giving markets a timetable of further easing, he will “express a degree of concern” about the economy and a “level of commitment” to bring down the unemployment rate that will suggest the Fed is likely to start a new asset purchase program sometime this year, said Lou Crandall, chief economist at Wrightson ICAP. That message got lost in the minutes of the Federal Reserve meeting which disappointed the stock market’s desire for ... (full story)
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