Bernanke likelier to boost QE than taper: SocGen

In fact, the strategist suggests that Fed Vice Chair Yellen’s then-impending nomination for Fed chair could have been behind the Fed’s decision not taper in September, which took markets by surprise.

Andrew Harrer | Bloomberg | Getty Images
Ben S. Bernanke, chairman of the U.S. Federal Reserve, from left, Janet Yellen

„Let’s be absolutely clear—everyone already knew that it was going to be Yellen. That was already baked in the cake when they had the FOMC meeting,” the strategist said. „She was the de facto next Fed chairman at that point.” And Bernanke effectively said to her: „You’ll decide when to taper.”

Bernanke likelier to boost QE than taper: SocGen.

Eu pariez ca QE ramane la fel pana cel putin in februarie. Nici taper nici increase. Ceea ce inseamna ca petrecerea continua si vom asista probabil la DOW 16.000 inainte de caderea inevitabila din 2014.



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