Communications breakthrough reaps reward for Fed

According to this article from the Financial Times, published Wednesday 9 August, Ben Bernanke will probably be pleased with the muted market reaction that followed the FOMC's latest interest rate decision.

"After a rocky start to the job, this is a modest coup for the Fed chairman, and reinforces a sense that Mr Bernanke is becoming more assured in his communications with the market," the article says.

"Many analysts point to Mr Bernanke's assured performance in his July testimony to Congress

To continue reading...