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Bernanke – what was so dovish about his Q&A?
OK, here’s my summary of what I thought was most dovish from Bernanke (by the way, the HUGE, big white candle on EUR/USD is a bit of a giveaway too :-) ) Bernanke said that both sides of the Fed’s mandate are saying that they we need to keep being accommodative He recognised that the unemployment rate understates weakness in employment market. This was a good point from Bernanke and emphasises that its not jus the unemployment rate that the fed looks at for a guide to the health of the labor market, the unemployment rate is just a broad summary. He said that even when the wind back of assett purchases begins the ... (full story)
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