The buying spree will remain intact until the unemployment rate falls below 6.5% and inflation projections remain no more than half a percentage point above 2% for two years out. In the news conference, the Fed chairman framed the moves to bring down the unemployment rate, which was 7
4.26 PM Dec 13th 2012
Important announcement at 11:00 PM from Fed Chairman Ben Bernanke. Positive factors for Commodities would be if Fed Chairman continues Operation Twist and provides economic stimulus of $45 billion in Monthly Treasury purchase additionally with QE3 which was $40 billion buy of mortgage bonds each
6.30 PM Dec 12th 2012
You are right. Paul Volcker was the best Fed chairman ever, steering US economy through double digit inflation and dollar selling spree by other countries. When he had finished the dollar was in demand again, inflation had gone. Greenspan got a piece of cake in his hands. Greenspan converted
7.46 PM Nov 27th 2012
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