Thats it – end of the show.
Bernanke was very dovish.
He kept on mentioning financial stability too – this is obviously a concern at the Fed is one of the factors that will hasten the ‘taper’ (IMO – I’m still on for a September start, data permitting).
Also sounded very much like he was wrapping up his time at the Fed. I don’t think he will be renewing his chairmanship.
Back to the markets.
