Keith Hembre dumped bonds and bought stocks when the Federal Reserve announced its plan Nov. 3 to buy $600 billion of Treasuries. The rationale: to benefit from anticipated market gains on days of Fed purchases.
Federal Reserve Chairman Ben S. Bernanke tomorrow may disappoint stock investors betting on a commitment to step up stimulus. He has little choice, given rising consumer prices and a U.S. economy that is still growing.
President Barack Obama won’t nominate a successor to Federal Reserve Chairman Ben S. Bernanke until at least September, an administration official said, as a group of Democratic senators urged him to choose Fed Vice Chairman Janet Yellen.
Federal Reserve Chairman Ben S. Bernanke signaled that signs of deeper economic weakness would be needed to justify additional monetary stimulus, even as he said there’s an “unusually uncertain” outlook for growth.
Federal Reserve Chairman Ben S. Bernanke ’s push to jump-start the U.S. economy this week may weaken the dollar, forcing at least one other central bank to add its own stimulus to offset a rising exchange rate.