SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Kern who wrote (60031)5/1/2006 3:53:18 PM
From: Paul Kern  Read Replies (1) of 110194
 
DJ CNBC Anchor: Fed's Bernanke Told Her Markets Got It Wrong



NEW YORK (Dow Jones)--Federal Reserve Chairman Ben Bernanke told CNBC anchor Maria Bartiromo that markets and the media misinterpreted his comments last Thursday and that he was not giving a dovish signal on interest rates, the CNBC host said Monday.

Speaking on CNBC, Bartiromo said Bernanke told her "over the weekend, the media and the markets got it wrong last week in speculating the Fed is done raising interest rates ... I asked him whether the markets got it right after his congressional testimony and he said, flatly, no."

Bartiromo said Bernanke was not seeking to send a dovish message but was "trying to basically create some flexibility for the Federal Reserve, saying the Fed may pause but the data will really dictate whether more rate hikes will occur at future meetings."

She said that he could follow the example of the European Central Bank, which has been raising rates only gradually in recent months.

She later said Bernanke told her it was "worrisome" that the markets were considering him dovish.


(MORE TO FOLLOW) Dow Jones Newswires

05-01-06 1547ET

Copyright (c) 2006 Dow Jones & Company, Inc.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News