Markets didn't react? Perhaps you should stop trying to scare people and turn on your TV. Futures up, gold up and dollar droping.Federal Reserve Chairman Ben Bernanke said on Wednesday that the U.S. economy continues to need highly accommodative monetary policy.
Answering questions at a conference sponsored by the National Bureau of Economic Research Bernanke said that when looking at the Fed's dual mandate on employment and inflation more work needed to be done.
He said the 7.6 percent unemployment rate probably "overstates the health of the labor market" and that inflation remains below the Fed's 2 percent target. Moreover, fiscal policy remains "quite restrictive," Bernanke said.
"Highly accommodative monetary policy for the foreseeable future is what's needed," he said
So you think you should not be worried? If the bears stopped posting on yahoo it would not change a thing. the stock price would still do the same thing. yet you think it would have been better if all you read here were good things? we all know now that none of it would have been true. so just what are you asking for?