Saturday, March 27, 2010

Fed Speakers, Politicians, & Pundits

“Bernanke edges towards asset sales”– During testimony before the House on Thurs, Bernanke steered
the Fed towards asset sales (something he had been lukewarm about before). “I anticipate that at some
point we will, in fact, have a gradual sales process,” Mr. Bernanke said at a House hearing. However, the
Fed chief made it clear he is in no rush to act. WSJ
Fed’s Kohn confident Fed to tighten credit before inflation flares - Fed’s Kohn says he is confident the
Fed will tighten credit early enough to avert an inflationary surge. “I am confident the Federal Reserve can
and will tighten policy well in advance of any threat to price stability, and successful execution of this exit will
demonstrate that these emergency steps need not lead to higher inflation,” Bloomberg
Fed’s Bullard signals uneasiness w/ “extended period” - James Bullard, president of the St. Louis Fed,
told CNBC on Monday that the vow limits the central bank's policy flexibility. Bullard is a voter this year on
the Fed's policy-setting panel. CNBC 

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