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American Capital Agency Corp. Message Board

  • raybans2 raybans2 Jul 10, 2013 5:02 PM Flag

    Fed minutes seem to say nothing

    All they did was talk about how to talk to the public. It is no wonder the markets did not react.

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    • 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

      Sounds good for us longs!

      Sentiment: Hold

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